On July 8, Rio Tinto fell 3.66% in regular trading, trading at $88.35/share, with turnover of $47.18 million.

On the news front, Macquarie cut Rio Tinto's target price by 4% to A$180 per share on the same day. Previously, Royal Bank of Canada lowered its target from 6,400 pence to 6,300 pence, while UBS trimmed its target by 3.3% to A$177. Bank of America had earlier downgraded Rio Tinto from Buy to Neutral, citing elevated valuations and rising macro risks from geopolitical tensions, noting the risk-reward profile no longer supports a bullish stance.

The broader Diversified Metals and Mining sector came under pressure simultaneously. Among sector peers, BHP Billiton fell 2.01%, Teck Resources declined 3.31%, while MP Materials rose 2.68% and USA Rare Earth gained 2.50%. With an upcoming earnings release approaching and a concentrated wave of target price cuts from major institutions, the market adopted a cautious stance toward Rio Tinto's near-term outlook, amplifying short-term selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)