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Rio Tinto plc ADR (RIO) Is Now En Route to Higher Prices

Rio Tinto plc ADR (NYSE: RIO) is -6.26% 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 $70.00 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $69.80, the stock is 2.85% and 6.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing -0.29% at the moment leaves the stock 5.63% off its SMA200. RIO registered 10.48% gain for a year compared to 6-month gain of 8.07%.

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The stock witnessed a 5.33% loss in the last 1 month and extending the period to 3 months gives it a 2.77%, and is 1.25% 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 0.89% over the week and 1.49% over the month.

Rio Tinto plc ADR (RIO) has around 57174 employees, a market worth around $87.41B and $53.82B in sales. Current P/E ratio is 11.37 and Fwd P/E is 9.78. Profit margin for the company is 18.61%. Distance from 52-week low is 19.79% and -7.04% from its 52-week high. The company has generated returns on investments over the last 12 months (14.78%).

with sales reaching -$- over the same period. The EPS is expected to grow by 0.94% this year, but quarterly earnings will post -2.90% year-over-year.

Rio Tinto plc ADR (RIO) Top Institutional Holders

The shares outstanding are 1.25B, and float is at 1.25B with Short Float at 0.55%.

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