Rio2 Ltd has delivered a surprising earnings performance, significantly exceeding analyst expectations.
Recent earnings trend
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Rio2 Ltd
RIO.TO
RIO.TO
Rio2 Ltd
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Market cap
$1.86B
P/E
340.0x
52W high
$4.09
52W low
$1.56
1W change
+10.16%
Beta
2.15
Analyst Price Targets
Based on analyst covering RIO
Wall Street analysts forecast RIO stock price to rise 68.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$5.65
+68.2% Upside
Current Price
C$3.36
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on RIO's historical volatility
30-Day Vol
70.6%
Annualized
90-Day Vol
66.6%
Annualized
Trend (90d)
+43.4%
Annualized drift
90d Mean
C$3.92
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$3.54 | C$2.77 โ C$4.51 |
| 60 trading days | C$3.73 | C$2.64 โ C$5.26 |
| 90 trading days | C$3.92 | C$2.57 โ C$5.98 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | 0.1100 | 0.0600 | +83.3% |
| 2026-03-31 | 2026-03-31 | 0.0551 | 0.0410 | +34.4% |
| 2025-12-31 | 2026-03-12 | -0.0300 | โ | โ |
| 2025-09-30 | 2025-11-10 | -0.0100 | โ | โ |
| 2025-06-30 | 2025-08-12 | -0.0038 | โ | โ |
| 2025-03-31 | 2025-05-15 | -0.0054 | โ | โ |
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In its latest earnings report, Rio2 Ltd (RIO.TO) announced earnings per share (EPS) of $0.11 for the fiscal period ending June 30, 2026, surpassing the consensus estimate of $0.06 by an impressive 83.3%. This marks a continuation of a strong trend for the company, which has historically shown resilience in its earnings performance.
Investor takeaway: Rio2's recent EPS performance indicates a robust operational capacity, particularly as it continues to ramp up production at its mines. Investors may find the company's growth trajectory appealing, especially given its bullish analyst targets.
Bull case
Rio2 has a solid track record of beating earnings estimates, with three out of the last four quarters showing strong results. The ongoing developments at the Fenix Gold Mine and Condestable Copper Mine could boost production and profitability in the coming quarters.
Bear case
Even with the positive earnings surprise, Rio2 operates in a volatile sector with risks like fluctuating commodity prices and operational challenges at its mining sites. Additionally, the high P/E ratio of 340 suggests that the stock might be overvalued, which could pose a risk for investors.
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