Skip to Content

Rio Tinto Ltd RIO Stock Quote

| Rating as of

Morningstar‘s Stock Analysis RIO

Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Rio Tinto's First-Half 2022 Result Strong Despite Lower Prices; FVE of AUD 101 Retained

Jon Mills, CFA Equity Analyst

Analyst Note

| Jon Mills, CFA |

No-moat Rio Tinto’s first-half 2022 net profit after tax was strong and slightly above our expectations. Adjusted net profit after tax fell nearly 30% to USD 8.6 billion or USD 5.33 per share. Adjusted EBITDA decreased 26% to USD 15.6 billion. Of the USD 5.4 billion fall in EBITDA compared with first-half 2021, virtually all of the decline was due to lower iron ore prices, with higher aluminium and minerals prices offset by higher group costs.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics RIO

Company Profile RIO

Business Description

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminium, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 34%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminium smelters in Canada.

6 St James’s Square
London, SW1Y 4AD, United Kingdom
T +44 2077812000
Industry Other Industrial Metals & Mining
Most Recent Earnings
Fiscal Year End Dec 31, 2022
Stock Type
Employees 42,099