541 institutions hold shares in Rio Tinto Group (RIO), with 64.68k shares held by insiders accounting for 0.00% while institutional investors hold 8.22% of the company’s shares. The shares outstanding are 1.62B, and float is at 1.07B with Short Float at 0.54%. Institutions hold 8.22% of the Float.
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The top institutional shareholder in the company is Fisher Asset Management, LLC with over 12.17 million shares valued at $915.11 million. The investor’s holdings represent 0.98% of the RIO Shares outstanding. As of Dec 30, 2020, the second largest holder is State Farm Mutual Automobile Insurance Co with 12.13 million shares valued at $912.57 million to account for 0.97% of the shares outstanding. The other top investors are Franklin Resources, Inc. which holds 10.51 million shares representing 0.84% and valued at over $790.67 million, while Arrowstreet Capital, Limited Partnership holds 0.51% of the shares totaling 6.33 million with a market value of $476.03 million.
Rio Tinto Group (NYSE: RIO) is 20.33% higher on its value in year-to-date trading and has touched a low of $35.35 and a high of $91.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RIO stock was last observed hovering at around $90.37 in the last trading session, with the day’s gains setting it 0.14% off its average median price target of $110.00 for the next 12 months. It is also 21.97% off the consensus price target high of $116.00 offered by 5 analysts, but current levels are -11.74% lower than the price target low of $81.00 for the same period.
Currently trading at $90.51, the stock is 10.44% and 13.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing 0.15% at the moment leaves the stock 39.69% off its SMA200. RIO registered 76.67% gain for a year compared to 6-month gain of 47.10%. The firm has a 50-day simple moving average (SMA 50) of $82.33 and a 200-day simple moving average (SMA200) of $68.81.
The stock witnessed a 11.19% loss in the last 1 month and extending the period to 3 months gives it a 43.42%, and is 3.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.61% over the week and 2.07% over the month.
Rio Tinto Group (RIO) has around 46000 employees, a market worth around $145.22B and $44.61B in sales. Current P/E ratio is 15.09 and Fwd P/E is 11.57. Profit margin for the company is 18.00%. Distance from 52-week low is 156.04% and -0.97% from its 52-week high. The company has generated returns on investments over the last 12 months (13.40%).
Rio Tinto Group (RIO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Rio Tinto Group (RIO) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Rio Tinto Group is expected to release its quarterly report on 04/20/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -38.10% this year.
Rio Tinto Group (RIO): Who are the competitors?
The company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading 236.74% up over the past 12 months. Short interest in the company’s stock has fallen -20.9% from the last report on Dec 30, 2020 to stand at a total of 7.0 million short shares sold with a short interest ratio of 3.03.