Rio Tinto Group [RIO] Revenue clocked in at $44.61 billion, up 12.45% YTD: What’s Next?

Rio Tinto Group [NYSE: RIO] jumped around 0.61 points on Wednesday, while shares priced at $83.72 at the close of the session, up 0.73%. The company report on June 23, 2021 that Rio Tinto partners with Schneider Electric to drive decarbonisation through circular and sustainable market ecosystem.

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Rio Tinto, a leading global mining and metals company, and Schneider Electric, the leader in digital transformation of energy management and automation, have signed a memorandum of understanding (MoU) for a first of its kind collaboration to develop a circular and sustainable market ecosystem for both companies and their customers.

This multi-product partnership will see Schneider Electric use responsibly sourced materials produced by Rio Tinto. These include low-carbon aluminium and copper produced with renewable power, iron ore, and borates. Rio Tinto will utilise energy and industrial services from Schneider Electric, as the companies work together to develop digital platforms, technologies and solutions to be deployed across the metals and mining supply chain to drive further decarbonisation.

Rio Tinto Group stock is now 12.45% up from its year-to-date (YTD) trading value. RIO Stock saw the intraday high of $84.69 and lowest of $83.52 per share. The company’s 52-week high price is 95.97, which means current price is +13.73% above from all time high which was touched on 05/10/21.

Compared to the average trading volume of 2.59M shares, RIO reached a trading volume of 1934090 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Rio Tinto Group [RIO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIO shares is $102.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIO stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Rio Tinto Group shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 21, 2021. The new note on the price target was released on March 31, 2021, representing the official price target for Rio Tinto Group stock.

The Average True Range (ATR) for Rio Tinto Group is set at 1.78, with the Price to Sales ratio for RIO stock in the period of the last 12 months amounting to 3.19. The Price to Book ratio for the last quarter was 2.88, with the Price to Cash per share for the same quarter was set at 7.78. Price to Free Cash Flow for RIO in the course of the last twelve months was 40.04 with Quick ratio for the last quarter at 1.50.

How has RIO stock performed recently?

Rio Tinto Group [RIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.11. With this latest performance, RIO shares dropped by -2.30% in over the last four-week period, additionally plugging by 10.89% over the last 6 months – not to mention a rise of 48.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIO stock in for the last two-week period is set at 43.19, with the RSI for the last a single of trading hit 41.67, and the three-weeks RSI is set at 45.32 for Rio Tinto Group [RIO]. The present Moving Average for the last 50 days of trading for this stock 87.16, while it was recorded at 82.60 for the last single week of trading, and 76.27 for the last 200 days.

Rio Tinto Group [RIO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Rio Tinto Group [RIO] shares currently have an operating margin of +38.10 and a Gross Margin at +40.98. Rio Tinto Group’s Net Margin is presently recorded at +21.90.

Return on Total Capital for RIO is now 28.54, given the latest momentum, and Return on Invested Capital for the company is 18.01. Return on Equity for this stock inclined to 23.43, with Return on Assets sitting at 11.08. When it comes to the capital structure of this company, Rio Tinto Group [RIO] has a Total Debt to Total Equity ratio set at 29.39. Additionally, RIO Total Debt to Total Capital is recorded at 22.72, with Total Debt to Total Assets ending up at 14.20. Long-Term Debt to Equity for the company is recorded at 28.15, with the Long-Term Debt to Total Capital now at 21.76.

Reflecting on the efficiency of the workforce at the company, Rio Tinto Group [RIO] managed to generate an average of $160,467 per employee. Receivables Turnover for the company is 14.82 with a Total Asset Turnover recorded at a value of 0.51.Rio Tinto Group’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.80.

Earnings analysis for Rio Tinto Group [RIO]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RIO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rio Tinto Group go to -7.10%.

Insider trade positions for Rio Tinto Group [RIO]

There are presently around $8,335 million, or 8.30% of RIO stock, in the hands of institutional investors. The top three institutional holders of RIO stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 12,516,676, which is approximately 2.884% of the company’s market cap and around 6.50% of the total institutional ownership; STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, holding 12,132,020 shares of the stock with an approximate value of $1.02 billion in RIO stocks shares; and FRANKLIN RESOURCES INC, currently with $719.35 million in RIO stock with ownership of nearly -18.257% of the company’s market capitalization.

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Positions in Rio Tinto Group stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 336 institutional holders increased their position in Rio Tinto Group [NYSE:RIO] by around 13,387,835 shares. Additionally, 192 investors decreased positions by around 7,922,038 shares, while 106 investors held positions by with 78,245,108 shares. The mentioned changes placed institutional holdings at 99,554,981 shares, according to the latest SEC report filing. RIO stock had 113 new institutional investments in for a total of 2,462,773 shares, while 53 institutional investors sold positions of 1,108,588 shares during the same period.

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