Rio Tinto plc ADR (NYSE:RIO) price on current trading day, fall -0.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $60.22.
A look at the stock’s price movement, the level at last check in today’s session was $60.46, moving within a range at $60.155 and $60.51. The beta value (5-Year monthly) was 0.617 while the PE ratio in trailing twelve months stood at 9.18. Turning to its 52-week performance, $74.24 and $57.85 were the 52-week high and 52-week low respectively. Overall, RIO moved -3.19% over the past month.
Rio Tinto plc ADR’s market cap currently stands at around $75.44 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 4.35, with its dividend yield at 7.22%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 52.98B, representing a -1.97% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RIO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 9 recommend RIO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RIO’s current price about 1.71% and -2.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.12, while 7-day volatility ratio is 1.45% and 1.30% in the 30-day chart. Further, Rio Tinto plc ADR (RIO) has a beta value of 0.67, and an average true range (ATR) of 0.87. Analysts have given the company’s stock an average 52-week price target of $79, forecast between a low of $79 and high of $79. Looking at the price targets, the low is -31.19% off recent price level in today’s trading while to achieve the yearly target high, it has to move -31.19%. Nonetheless, investors will most likely welcome a -31.19% jump to $79 which is the analysts’ median price.
If we refocus on Rio Tinto plc ADR (NYSE:RIO), historical trading data shows that trading volumes averaged 2.83 over the past 10 days and 2.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.25 billion shares.
The 0.00% of Rio Tinto plc ADR’s shares are in the hands of company insiders while institutional holders own 10.65% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.18 million on 2024-12-31, giving us a short ratio of 3.03. The data shows that as of 2024-12-31 short interest in Rio Tinto plc ADR (RIO) stood at 86.0 of shares outstanding, with shares short rising to 7.45 million registered in 2024-11-29. Current price change has pushed the stock 2.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RIO stock continues to rise going into the next quarter.
