Rio Tinto plc Sponsored ADR (LSE:RIO) reported strong H1 2026 results—underlying earnings $6.85B, EBITDA $14.8B, free cash flow $3.8B and a 211¢ interim dividend—while planning about $5B of asset sales, facing a six-month Glencore standstill on merger talks and a JPMorgan cut to 8,100p; PDMR Ben Wyatt disclosed a share purchase.
Previous Week Recap
- Rio Tinto H1 2026 Earnings Surge: Rio Tinto (RIO) H1 2026: underlying earnings $6.85B (+43%), EBITDA $14.8B (+28%), free cash flow $3.8B (+75%), copper-equivalent output +3%, interim dividend 211¢ (+43%).
- Rio Tinto Plans About $5B Asset Sales: Rio Tinto (RIO) plans about $5B of asset sales by end-2026, weighing disposals including California borates, iron and titanium units, and infrastructure stakes like an Australian desalination plant.
- Glencore Standstill Blocks Rio Tie Merger Talks: Glencore imposed a six-month standstill blocking merger talks with Rio Tinto plc Sponsored ADR (RIO), limiting any takeover or merger discussions during that period.
- JPMorgan Cuts Rio Tinto Target, Neutral: JPMorgan cut Rio Tinto (RIO) price target to 8,100 pence from 8,200 pence on 30 July 2026, keeping a Neutral rating. No other analyst actions or company events reported.
- RIO PDMR Ben Wyatt Buy Shares: Rio Tinto plc Sponsored ADR (RIO): PDMR Ben Wyatt bought company shares, disclosed under dual-listing rules and filed with ASX and LSE. Trade affects RIO share holdings.
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