Analysts Update Their Price Forecasts For Rio Tinto plc ADR (RIO)

Rio Tinto plc ADR (RIO) concluded trading on Wednesday at a closing price of $64.60, with 5.27 million shares of worth about $340.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.03% during that period and on April 3, 2024 the price saw a loss of about -0.75%. Currently the company’s common shares owned by public are about 1.25B shares, out of which, 1.25B shares are available for trading.

Stock saw a price change of 3.91% in past 5 days and over the past one month there was a price change of -0.39%. Year-to-date (YTD), RIO shares are showing a performance of -13.24% which decreased to -5.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.27 but also hit the highest price of $75.09 during that period. The average intraday trading volume for Rio Tinto plc ADR shares is 2.82 million. The stock is currently trading 2.11% above its 20-day simple moving average (SMA20), while that difference is down -1.85% for SMA50 and it goes to -1.93% lower than SMA200.

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Rio Tinto plc ADR (NYSE: RIO) currently have 1.25B outstanding shares and institutions hold larger chunk of about 10.60% of that.

The stock has a current market capitalization of $80.90B and its 3Y-monthly beta is at 0.73. PE ratio of stock for trailing 12 months is 10.52, while it has posted earnings per share of $6.14 in the same period. It has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RIO, volatility over the week remained 1.32% while standing at 1.33% over the month.

Analysts are in expectations that Rio Tinto plc ADR (RIO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 4.43% while it is estimated to decrease by -7.17% in next year. EPS is likely to grow at an annualized rate of -3.30% for next 5-years, compared to annual growth of -4.80% made by the stock over the past 5-years.

Stock get an Overweight rating from Barclays on October 24, 2023.

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