- Rio Tinto secures a 51% stake in Chile's strategic Altoandinos lithium project.
- Wall Street analysts predict a potential 30.93% upside for Rio Tinto's stock.
- GuruFocus estimates a slight 0.7% upside based on their GF Value model.
Rio Tinto (RIO, Financial) has emerged as a pivotal partner in Chile's ambitious Altoandinos lithium project, having been selected by the Chilean government to take a commanding 51% stake. This partnership is set to involve a substantial $425 million investment, encompassing feasibility studies and advanced extraction technologies, ultimately culminating in a total project investment of $3 billion.
Wall Street Analysts Forecast
According to the one-year price targets put forth by 5 analysts, the average target price for Rio Tinto PLC (RIO, Financial) stands at $80.03. This projection includes a high estimate of $94.00 and a low estimate of $72.13, suggesting an impressive upside of 30.93% from the current stock price of $61.12. Investors seeking more detailed estimate data can explore the insights on the Rio Tinto PLC (RIO) Forecast page.
The consensus recommendation from 7 brokerage firms positions Rio Tinto PLC (RIO, Financial) with an average brokerage recommendation of 1.4, conveying a "Buy" status. On the rating scale of 1 to 5, a 1 represents a Strong Buy, while a 5 indicates a Sell.
GF Value Estimate
GuruFocus' proprietary estimates suggest that the estimated GF Value for Rio Tinto PLC (RIO, Financial) in the upcoming year is $61.55. This estimation implies a modest upside of 0.7% from the current price of $61.12. The GF Value is GuruFocus' calculation of the fair value at which the stock should trade, derived from historical trading multiples, past business growth, and future business performance projections. Investors can access more comprehensive data on the Rio Tinto PLC (RIO) Summary page.
