Rio Tinto plc ADR (NYSE: RIO) is -0.06% lower on its value in year-to-date trading and has touched a low of $51.67 and a high of $72.08 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 $62.05 in the last trading session, with the day’s gains setting it 2.28%.
Currently trading at $64.33, the stock is 8.27% and 7.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.45 million and changing 3.67% at the moment leaves the stock 4.86% off its SMA200. RIO registered 9.39% gain for a year compared to 6-month loss of 5.29%. The firm has a 50-day simple moving average (SMA 50) of $59.6772 and a 200-day simple moving average (SMA200) of $61.3484.
The stock witnessed a 15.10% gain in the last 1 month and extending the period to 3 months gives it a 10.02%, and is 10.02% 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 1.37% over the week and 1.52% over the month.
Rio Tinto plc ADR (RIO) has around 59594 employees, a market worth around $80.66B and $53.67B in sales. Current P/E ratio is 9.09 and Fwd P/E is 10.95. Profit margin for the company is 21.53%. Distance from 52-week low is 24.50% and -10.75% from its 52-week high. The company has generated returns on investments over the last 12 months (16.85%).
The EPS is expected to shrink by -8.03% this year.
Rio Tinto plc ADR (RIO) Top Institutional Holders
896.0 institutions hold shares in Rio Tinto plc ADR (RIO), with institutional investors hold 10.40% 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 10.40% 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 0.4795 of the shares totaling 7.78 million with a market value of $512.96 million.
