Rio Tinto Group (NYSE: RIO) is -14.58% lower on its value in year-to-date trading and has touched a low of $50.92 and a high of $80.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RIO stock was last observed hovering at around $61.91 in the last trading session, with the day’s loss setting it -1.09% off its average median price target of $82.85 for the next 12 months. It is also 35.98% off the consensus price target high of $95.00 offered by 7 analysts, but current levels are 16.11% higher than the price target low of $72.50 for the same period.
Currently trading at $60.82, the stock is -2.86% and -6.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing -1.76% at the moment leaves the stock -6.54% off its SMA200. RIO registered -12.54% loss for a year compared to 6-month loss of -6.70%. The firm has a 50-day simple moving average (SMA 50) of $1.91 and a 200-day simple moving average (SMA200) of $4.16.
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The stock witnessed a -5.65% gain in the last 1 month and extending the period to 3 months gives it a -16.51%, and is -0.96% down 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 1.14% over the week and 1.51% over the month.
Rio Tinto Group (RIO) has around 54000 employees, a market worth around $101.94B and $55.55B in sales. Current P/E ratio is 7.98. Profit margin for the company is 22.40%. Distance from 52-week low is 19.45% and -24.46% from its 52-week high. The company has generated returns on investments over the last 12 months (22.70%).
Rio Tinto Group (RIO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Rio Tinto Group (RIO) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 1.70, where 3 rate it as a Hold and 1 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 07/26/2023.The EPS is expected to shrink by -41.10% this year.
Rio Tinto Group (RIO) Top Institutional Holders
The shares outstanding are 1.62B, and float is at 1.43B with Short Float at 0.50%.
Rio Tinto Group (RIO): Who are the competitors?
The company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading -3.63% down over the past 12 months. Vale S.A. (VALE) is -18.15% down on the 1-year trading charts.