Professional
Added to YB: 2026-01-29
Pitch date: 2026-01-27
RIO.TO [neutral]
Rio2 Limited
-18.75%
current return
Author Info
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Company Info
Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile.
Market Cap
CAD 1.2B
Pitch Price
CAD 4.00
Price Target
5.50 (+69%)
Dividend
N/A
EV/EBITDA
-109.25
P/E
398.99
EV/Sales
N/A
Sector
Metals and Mining
Category
growth
Rio2 Limited – First Gold at Fenix; Increasing Target Price
RIO.TO (update): First gold pour achieved Jan 23 at Fenix mine, on time/budget after 14mo construction. Targeting 60-70Koz Au in 2026, ramping to 20Ktpd. Acquired Condestable copper mine Dec. Price target raised to C$5.50 (vs C$4.00) on derisking + P/NPV multiple expansion to 1.0x. 45% upside.
Read full article (2 min)