12:30 AM EDT, 07/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our target price of USD69, implying an EV/EBITDA of 5.5x our 2025 EBITDA estimate. This is at the upper end of RIO's historical average forward EV/EBITDA range. The valuation considers both growth opportunities from the growth projects and near-term headwinds in iron ore operations. We cut our EPS estimates to USD6.15 from USD6.40 for 2025 and to USD6.20 from USD6.50 for 2026 to account for the latest numbers. Overall, RIO's H1 2025 update looks soft in our view where the softer ore quality and rising production cost may persist as challenges for its main earnings contributor, iron ore segment. Nevertheless, we like RIO's attractive growth projects and dividend profile and going forward, we see attractive growth projects including the ramp up of Oyu Tolgoi and the Simandou high-grade iron ore project in Guinea to support earnings, which could provide cushion to the declining iron ore grades in the Pilbara region.