Rio Tinto plc ADR (NYSE: RIO) is -16.21% lower on its value in year-to-date trading and has touched a low of $59.35 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 $62.43 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $62.39, the stock is -2.46% and -4.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -0.06% at the moment leaves the stock -5.12% off its SMA200. RIO registered -9.88% loss for a year compared to 6-month loss of -13.61%. The firm has a 50-day simple moving average (SMA 50) of $65.5606 and a 200-day simple moving average (SMA200) of $65.7561.
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The stock witnessed a -4.72% gain in the last 1 month and extending the period to 3 months gives it a -0.56%, and is 2.92% 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 1.04% over the week and 1.13% over the month.
Rio Tinto plc ADR (RIO) has around 57174 employees, a market worth around $78.14B and $53.96B in sales. Current P/E ratio is 9.51 and Fwd P/E is 9.12. Profit margin for the company is 19.85%. Distance from 52-week low is 5.12% and -16.91% from its 52-week high. The company has generated returns on investments over the last 12 months (15.65%).
The EPS is expected to shrink by -5.42% this year
892.0 institutions hold shares in Rio Tinto plc ADR (RIO), with institutional investors hold 10.73% of the company’s shares. The shares outstanding are 1.25B, and float is at 1.25B with Short Float at 0.74%. Institutions hold 10.73% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 22.21 million shares valued at $1.46 billion. The investor’s holdings represent 1.3697 of the RIO Shares outstanding. As of 2024-06-30, the second largest holder is FISHER ASSET MANAGEMENT, LLC with 17.04 million shares valued at $1.12 billion to account for 1.0511 of the shares outstanding. The other top investors are STATE FARM MUTUAL AUTOMOBILE INSURANCE CO which holds 10.93 million shares representing 0.6742 and valued at over $720.73 million, while GOLDMAN SACHS GROUP INC holds 0.4799 of the shares totaling 7.78 million with a market value of $512.96 million.
