Rio Tinto plc ADR (NYSE: RIO) is -3.06% lower on its value in year-to-date trading and has touched a low of $51.67 and a high of $74.24 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 $56.86 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $57.01, the stock is -4.08% and -6.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.0 million and changing 0.26% at the moment leaves the stock -9.42% off its SMA200. RIO registered -13.97% loss for a year compared to 6-month loss of -14.71%. The firm has a 50-day simple moving average (SMA 50) of $61.1214 and a 200-day simple moving average (SMA200) of $62.9417.
The stock witnessed a -9.57% gain in the last 1 month and extending the period to 3 months gives it a -4.22%, and is 4.49% 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 4.47% over the week and 2.43% over the month.
Rio Tinto plc ADR (RIO) has around 59594 employees, a market worth around $71.48B and $53.39B in sales. Current P/E ratio is 8.10 and Fwd P/E is 8.96. Profit margin for the company is 21.53%. Distance from 52-week low is 10.33% and -23.21% from its 52-week high. The company has generated returns on investments over the last 12 months (16.76%).
The EPS is expected to shrink by -2.97% this year, but quarterly earnings will post -1.64% year-over-year.
Rio Tinto plc ADR (RIO) Top Institutional Holders
883.0 institutions hold shares in Rio Tinto plc ADR (RIO), with institutional investors hold 10.57% of the company’s shares. The shares outstanding are 1.25B, and float is at 1.25B with Short Float at 0.60%. Institutions hold 10.57% 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 1.3686% 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 1.0502 of the shares outstanding. The other top investors are STATE FARM MUTUAL AUTOMOBILE INSURANCE CO which holds 10.93 million shares representing 0.6737% 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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