Rio Tinto (RIO) Upgraded to Buy by Erste Group on Copper Growth Outlook

17 hours ago 1

Sheryar Siddiq

Sun, February 15, 2026 astatine 8:10 AM CST 1 min read

Rio Tinto Group (NYSE:RIO) ranks among the best undervalued European stocks to bargain now. On January 23, Erste Group upgraded Rio Tinto Group (NYSE:RIO) from Hold to Buy, noting the mining company’s superior instrumentality connected equity compared to its competitors. According to expert Hans Engel, Rio Tinto’s income would turn much powerfully successful 2026 than the twelvemonth before, with copper accumulation successful Mongolia providing an “important contribution” towards this expansion.

The steadfast stated that metallic accumulation volition emergence successful tandem with copper production, bolstering the company’s maturation prospects. Rio Tinto Group (NYSE:RIO) besides met its 2025 accumulation targets for each commodities, with copper output reaching 883,000 tonnes, beating the precocious extremity of the company’s projection scope of 875,000 tonnes.

In addition, the institution produced grounds quarterly robust ore output successful Western Australia’s Pilbara portion during the 4th quarter, up 4% from the aforesaid play successful 2024.

Rio Tinto Group (NYSE:RIO) explores, mines, and processes mineral resources. Its operations are divided into the pursuing concern segments: Copper, Iron Ore, Aluminium, and Minerals.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.

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