Rio Tinto plc ADR (NYSE: RIO) is -16.59% 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 $63.52 in the last trading session, with the day’s loss setting it -1.41%.
Currently trading at $62.11, the stock is -0.47% and -4.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.7 million and changing -2.22% at the moment leaves the stock -5.19% off its SMA200. RIO registered -9.97% loss for a year compared to 6-month loss of -8.66%. The firm has a 50-day simple moving average (SMA 50) of $65.1254 and a 200-day simple moving average (SMA200) of $65.5104.
The stock witnessed a -4.93% gain in the last 1 month and extending the period to 3 months gives it a 3.50%, 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 1.30% over the week and 1.18% over the month.
Rio Tinto plc ADR (RIO) has around 57174 employees, a market worth around $77.80B and $53.96B in sales. Current P/E ratio is 9.47 and Fwd P/E is 9.03. Profit margin for the company is 19.85%. Distance from 52-week low is 4.65% and -17.28% 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 -4.98% this year.
Rio Tinto plc ADR (RIO) Top Institutional Holders
893.0 institutions hold shares in Rio Tinto plc ADR (RIO), with institutional investors hold 10.69% of the company’s shares. The shares outstanding are 1.25B, and float is at 1.25B with Short Float at 0.72%. Institutions hold 10.69% 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.
Rio Tinto plc ADR (RIO) Insider Activity
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