Why Macquarie Just Raised Its Price Target for Rio Tinto Shares

Why Macquarie just raised its price target for Rio Tinto shares

Rio Tinto Ltd (ASX: RIO) shares are marching higher today. Shares in the S&P/ASX 200 Index (ASX: XJO) mining stock closed yesterday trading for $111.70. In early afternoon trade on Friday, shares are changing hands for $112.71 apiece, up 0.9%. For some context, the ASX 200 is down 0.8% at this same time. Today's gains follow on yesterday's hefty losses. Rio Tinto shares dropped 3.6% on Thursday following the release of the miner's half-year resu…

Rio Tinto net earnings slump 22% in H1 2025

Rio Tinto’s earnings fell in the first half of 2025 (H1 2025), hit by lower commodity prices, higher capital spending, and tariffs.The post Rio Tinto net earnings slump 22% in H1 2025 appeared first on Mining Technology.