Analysts raise Rio Tinto’s price targets amid resilient demand for copper and other metals critical to the energy transition.
JPMorgan analyst Dominic O’Kane raised Rio Tinto’s price target to 8,280 GBp from 7,200 GBp on May 26, maintaining a Neutral rating. The revision reflects a more constructive view of the mining giant’s earnings potential and asset portfolio, driven by sustained demand for industrial and energy-transition commodities.
Earlier in May, Deutsche Bank’s Liam Fitzpatrick increased his price target to 6,900 GBp from 6,200 GBp while retaining a Hold rating. Both firms cited confidence in Rio Tinto’s ability to navigate commodity market volatility and capitalize on long-term structural demand trends, despite cautious overall ratings.
Rio Tinto produces iron ore, copper, aluminum, lithium, and nickel—materials essential for electric vehicles and renewable energy infrastructure. The company’s short interest stands at 0.72% of shares outstanding.