Rio Tinto plc ADR (NYSE: RIO) is -13.84% 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 $55.89 in the last trading session, with the day’s loss setting it -52.65%.
Currently trading at $3.24M, the stock is -2.97% and -4.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.18 million and changing 3182775% at the moment leaves the stock -7.69% off its SMA200. RIO registered -2.92% loss for a year compared to 6-month gain of -7.11%.
The stock witnessed a -7.89% loss in the last 1 month and extending the period to 3 months gives it a -7.90%, and is -1.57% 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 2.00% over the week and 1.11% over the month.
Rio Tinto plc ADR (RIO) has around 59594 employees, a market worth around $71.58B and $53.39B in sales. Current P/E ratio is 8.11 and Fwd P/E is 9.45. Profit margin for the company is 21.53%. Distance from 52-week low is 10.49% and -20.80% 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 -5.94% this 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 0.66%.
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.
