Zacks downgraded Rio Tinto Group (RIO) to ‘Sell’ on July 28, 2025, amidst a 1.5% decline in consensus EPS estimates to $6.01 per share. Despite this, the average brokerage recommendation remains bullish at 1.80, with 60% of analysts issuing a ‘Strong Buy’. The downgrade follows RIO’s acquisition of a 51% stake in the Salares Altoandinos lithium project in Chile, committing up to $425 million. Recent reports show a 13% YoY increase in copper-equivalent output, record bauxite production, and strong momentum in other projects. RIO’s growth in lithium and copper businesses positions it well for long-term growth in the mining and metals industry.
Read more at Yahoo Finance: Zacks Downgrades Rio Tinto Group (RIO) to ‘Sell’