Citi keeps PT, rating unchanged for Rio Tinto; warns of H2 iron ore market headwinds
ReutersJul 16, 2025 8:22 PM
Analysts at Citi keep price target unchanged and maintains 'neutral' rating on Australia's Rio Tinto RIO.AX after the mining giant reported strong second-quarter iron ore production on Wednesday
Citi, however, sees headwinds in iron ore market in H2 2025
Simon Trott, who was named CEO on Tuesday, pitched for accelerated operational performance and organizational simplification - initiatives that are expected to take time to deliver - brokerage
Brokerage sees underlying profits in CY25 to be up 1.5% while in CY26 to be down 1%
Eight of 15 analysts rate the stock "buy" or higher, and seven "hold"; their median price target is A$118, as per data compiled by LSEG
Stock is down nearly 6% YTD, as of last close
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