Rio Tinto Price Target Up as Berenberg Notes 'Constructive' Near-term Outlook on Iron Ore Prices

08:11 AM EST, 12/17/2025 (MT Newswires) -- Rio Tinto Group's (RIO.L) price target was bumped up to 53 pounds sterling from 52 pounds, with an unchanged hold rating on the stock, as part of Berenberg's Mining Outlook 2026 report published Wednesday. "Rio has set out its stall under new CEO Simon Trott, and simplification is the key theme. Rio wants to realise USD5bn-10bn of value from its portfolio; it appears likely that the [titanium dioxide] business and Borates business will be sold; we value TiO2 at USD3.5bn and Borates at USD1.1bn. The remainder of value unlock appears to be coming from simplifying the structure, while Rio is also looking to create value from the sale of infrastructure within the portfolio," analysts wrote. "The iron ore business is the jewel in its crown and dominates the group, and we take a constructive view on iron ore prices in the near term." The research firm raised its EPS forecast for 2025 by 0.9%, while the estimates for 2026 and 2027 were respectively increased by 4.7% and 13% amid a model update, taking into account its revised price deck and the company's adjusted guidance.