Rio Tinto Discloses $8.4 Billion in Government Payments for 2024

Rio Tinto ( (GB:RIO) ) has issued an announcement.

Rio Tinto has published its report on payments to governments for the year ending December 31, 2024, in compliance with UK regulations. The report reveals that the company paid $8.4 billion in taxes and royalties and an additional $1.8 billion on behalf of its employees. This disclosure underscores Rio Tinto’s commitment to transparency and responsible tax practices, which could enhance its reputation and stakeholder trust in the extractive industry.

The most recent analyst rating on (GB:RIO) stock is a Buy with a £60.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.

Spark’s Take on GB:RIO Stock

According to Spark, TipRanks’ AI Analyst, GB:RIO is a Outperform.

Rio Tinto’s strong financial performance and strategic initiatives in the lithium market are key positives. While technical analysis is stable, challenges like revenue decline and market conditions in China pose risks.

To see Spark’s full report on GB:RIO stock, click here.

More about Rio Tinto

Rio Tinto is a leading global mining group that focuses on finding, mining, and processing mineral resources. The company primarily deals in commodities such as iron ore, aluminum, copper, and diamonds, with operations spanning across several continents.

Average Trading Volume: 2,946,447

Technical Sentiment Signal: Sell

Current Market Cap: £76.74B

Learn more about RIO stock on TipRanks’ Stock Analysis page.