Rio Tinto Group (NYSE: RIO) is 10.62% higher on its value in year-to-date trading and has touched a low of $50.92 and a high of $84.01 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 $78.38 in the last trading session, with the day’s gains setting it 0.38% off its average median price target of $70.72 for the next 12 months. It is also 17.09% off the consensus price target high of $95.00 offered by 11 analysts, but current levels are -22.11% lower than the price target low of $64.50 for the same period.
Currently trading at $78.76, the stock is 6.92% and 12.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 0.48% at the moment leaves the stock 22.09% off its SMA200. RIO registered 4.25% gain for a year compared to 6-month gain of 36.97%.
The stock witnessed a 13.11% loss in the last 1 month and extending the period to 3 months gives it a 47.68%, and is 1.56% 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 1.60% over the week and 1.50% over the month.
Rio Tinto Group (RIO) has around 49000 employees, a market worth around $128.15B and $60.19B in sales. Current P/E ratio is 7.25. Profit margin for the company is 29.40%. Distance from 52-week low is 54.69% and -6.25% from its 52-week high. The company has generated returns on investments over the last 12 months (33.10%).
Rio Tinto Group (RIO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Rio Tinto Group (RIO) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 1.80, where 6 rate it as a Hold and 0 think it is a “Overweight”. 4 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 04/20/2023.The EPS is expected to grow by 115.90% this year.
Rio Tinto Group (RIO) Top Institutional Holders
The shares outstanding are 1.62B, and float is at 1.06B with Short Float at 1.19%.
Rio Tinto Group (RIO): Who are the competitors?
The company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading 4.98% up over the past 12 months. Vale S.A. (VALE) is 16.23% up on the 1-year trading charts.