12:05 AM EST, 12/05/2025 (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 lift our target price to USD84 (from USD77), implying an EV/EBITDA of 6.8x our 2026 EBITDA estimate. The valuation considers growth potential from ongoing projects and RIO's renewed focus on copper and aluminum - both well aligned with long-term opportunities in decarbonization and supported by our long-term positive view on copper fundamentals. At its 2025 Capital Markets Day, RIO outlined a strategy to unlock USD5B-USD10B from existing assets and targets a 4% unit cost reduction through 2030 via a simplified organization and operational discipline. The company also targets a 3% copper-equivalent production CAGR from 2024-2030, supported by developments across copper, iron ore, and lithium. We see the updated strategy as necessary and timely, with a simplified organization allowing for better prioritization of higher-value assets, providing a cushion to the iron ore business constrained by aging mines, in our view.