8 Best Nickel Stocks to Buy According to Analysts

6. Rio Tinto Group (NYSE:RIO)

Rio Tinto Group (NYSE:RIO) is ranked among the 8 best nickel stocks to buy.

With broader analyst sentiment remaining mixed on Rio Tinto Group (NYSE:RIO) as of March 27, 2026, 50% of covering analysts continue to hold bullish views on the stock. The consensus price target of $95.50 implies a 10.23% upside.

On March 9, 2026, Bernstein lowered its price target from $83 to $77 while keeping an “Outperform” rating on Rio Tinto Group (NYSE:RIO), reinforcing the cautious setup. As it updated its model across covered names and revised its Mining Value Book, the investment bank stated that commodity selection, compared to valuation, continues to be the larger driver of returns in metals and mining.

On the same day, JPMorgan downgraded Rio Tinto Group (NYSE:RIO) from “Overweight” to “Neutral” and reduced its price target from GBp 7,840 to GBp 7,220, indicating further pressure on Rio Tinto Group (NYSE:RIO). The firm adopted a downside scenario for copper and iron ore as its new base case, claiming that Middle East-related concerns were not sufficiently reflected in European metals and mining equities.

Rio Tinto Group (NYSE:RIO) is one of the world’s largest mining companies, with a presence in aluminum, iron ore, copper, gold, and other industries. The firm is headquartered in London, United Kingdom.

Click to continue reading and see the 5 best nickel stocks to buy according to analysts.

Disclosure: None. Follow Insider Monkey on Google News.