Rio Tinto plc ADR (NYSE: RIO) is -15.39% lower on its value in year-to-date trading and has touched a low of $58.27 and a high of $75.09 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 $63.30 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $63.00, the stock is -0.36% and -4.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing -0.47% at the moment leaves the stock -4.30% off its SMA200. RIO registered -5.87% loss for a year compared to 6-month gain of 4.17%. The firm has a 50-day simple moving average (SMA 50) of $1.97 and a 200-day simple moving average (SMA200) of $5.06.
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The stock witnessed a -2.85% loss in the last 1 month and extending the period to 3 months gives it a -13.75%, and is -1.16% 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 1.53% over the week and 1.42% over the month.
Rio Tinto plc ADR (RIO) has around 57174 employees, a market worth around $78.89B and $53.82B in sales. Current P/E ratio is 10.26 and Fwd P/E is 8.96. Profit margin for the company is 18.61%. Distance from 52-week low is 8.12% and -16.10% from its 52-week high. The company has generated returns on investments over the last 12 months (14.78%).
Rio Tinto plc ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 4.38% this year.
Rio Tinto plc ADR (RIO) Top Institutional Holders
887 institutions hold shares in Rio Tinto plc ADR (RIO), with institutional investors hold 11.43% of the company’s shares. The shares outstanding are 1.25B, and float is at 1.25B with Short Float at 0.50%. Institutions hold 11.43% of the Float.
The top institutional shareholder in the company is Wellington Management Group, LLP with over 16.44 million shares valued at $1.05 billion. The investor’s holdings represent 1.31% of the RIO Shares outstanding. As of Jun 29, 2023, the second largest holder is Fisher Asset Management, LLC with 14.89 million shares valued at $950.76 million to account for 1.19% of the shares outstanding. The other top investors are State Farm Mutual Automobile Insurance Co which holds 10.93 million shares representing 0.87% and valued at over $697.89 million, while Capital World Investors holds 0.74% of the shares totaling 9.21 million with a market value of $587.8 million.
