Berenberg raises Rio Tinto stock target to GBp 8,700

Published on 10/01/2026 at 15:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target shifted from GBp 8,600 to GBp 8,700 on September 30, 2026. Rio Tinto stock costs EUR 82.34 versus EUR 83.42, minus 1.29 percent.

Eisenerz-Tagebau mit gelben Muldenkippern auf Serpentinenstraßen im roten Gestein — Rio Tinto plc (ISIN GB0007188757) fördert Eisenerz in riesigen Tagebauminen mit schweren Muldenkippern, Illustration mit AI erstellt.

Rio Tinto (GB0007188757) stock was trading at EUR 82.34 at Lang & Schwarz on October 1, 2026 at 3:13 p.m. CEST, down 1.29 percent from the prior close of EUR 83.42. On September 30, 2026, finanzen.ch reported that Berenberg raised its Rio Tinto target from GBp 8,600 to GBp 8,700 and kept its Buy rating.

Target rises as copper expands

The analyst change gives Rio Tinto a fresh valuation reference in the London market, while the euro quote shows a weaker session for German investors. The target remains denominated in pence, so it is not combined with the Lang & Schwarz price in euros.

According to Rio Tinto in its investor materials, copper equivalent production increased 3.00 percent year on year in the first half of 2026. That operating figure matters because copper is one of the group's principal growth areas alongside iron ore and aluminum.

Operating comparison supports the case

A separate company strategy update described a planned rise in annual copper production from 880,000 tonnes in 2025 to 1.00 million tonnes by 2030, as reported by Finanznachrichten on September 24, 2026. The comparison points to a long-term shift in the portfolio, although the stated 2030 goal is a plan rather than a completed production result.

The market backdrop is therefore mixed in a precise way: the operating data show measurable copper growth, while the Lang & Schwarz session price fell from EUR 83.42 to EUR 82.34. Rio Tinto's USD 153.0 billion market capitalization as of September 30, 2026 places the stock among the larger global mining companies.

Rio Tinto stock trades lower

Rio Tinto stock was trading at EUR 82.34 at Lang & Schwarz on October 1, 2026 at 3:13 p.m. CEST, minus 1.29 percent versus the Lang & Schwarz prior close of EUR 83.42. The London Stock Exchange listing uses ticker RIO and the share quotation is denominated in pence. The further course of trading is shown by the continuously updated real-time quote of Rio Tinto stock.