Citi cuts Rio Tinto stock target from GBp 7,000 to GBp 6,700

Published on 10/19/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter iron ore sales rose 2 percent to 85.7 million tonnes. Rio Tinto stock costs EUR 80.47 on October 19, 2026, 0.95 percent below its Xetra close.

Analyst target and operating scale

Citi cut Rio Tinto's target from GBp 7,000 to GBp 6,700 on October 16, 2026.
Oyu Tolgoi copper production increased 29 percent year to date in the third quarter of 2026.
Rio Tinto stock trades at EUR 80.47 at 9:49 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.95 percent below the Xetra close of October 16, 2026.
Final results are scheduled for February 19, 2027.

Aquarellmalerei der roten Pilbara-Landschaft mit Felsformationen und weitem Himmel — Rio Tinto plc (ISIN GB0007188757) ist in der australischen Pilbara-Region aktiv, hier als Aquarell-Landschaft dargestellt, Illustration mit AI erstellt.

According to Markets Insider, Citi cut its Rio Tinto stock target from GBp 7,000 to GBp 6,700 on October 16, 2026, while keeping a Neutral rating. At Lang & Schwarz, the stock was trading at EUR 80.47 on October 19, 2026 at 9:49 a.m. CEST, 0.95 percent below the Xetra close of EUR 81.24 on October 16, 2026.

Citi lowers the target

The target reduction equals 4.29 percent, calculated from GBp 7,000 to GBp 6,700. The move gives investors a concrete valuation marker in a week when Rio Tinto also published operating data.

What does the target cut mean?

The operational picture remains mixed rather than uniformly weak. In its October 14, 2026 release, Rio Tinto said Oyu Tolgoi copper production rose 29 percent year to date, while consolidated copper production was 205,000 tonnes in the third quarter, unchanged from the prior year. Global iron ore sales reached 90.8 million tonnes, up 3 percent year over year, and 2026 guidance remained unchanged.

Three dates frame the update

On October 1, 2026, Rio Tinto announced an agreement securing Bell Bay Aluminium through December 31, 2031, on its investor relations page. On October 14, 2026, the company reported Pilbara iron ore sales of 85.7 million tonnes, up 2 percent year over year, in the third quarter. On October 16, 2026, Markets Insider reported Citi's target change.

Next reporting date

The next explicitly listed company event is final results on February 19, 2027, according to Morningstar.

Stock stays below the Xetra close

Rio Tinto stock was trading at EUR 80.47 at Lang & Schwarz on October 19, 2026 at 9:49 a.m. CEST. That was EUR 0.77, or 0.95 percent, below the Xetra close of EUR 81.24 on October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of Rio Tinto stock.