Rio Tinto Group [NYSE: RIO] price plunged by -4.28 percent to reach at -$3.79. The company report on August 2, 2021 that Rio Tinto and Komatsu partnering for zero-emission mining.
Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks.
Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable.
A sum of 3561978 shares traded at recent session while its average daily volume was at 2.38M shares. Rio Tinto Group shares reached a high of $85.61 and dropped to a low of $84.27 until finishing in the latest session at $84.74.
The one-year RIO stock forecast points to a potential upside of 16.86. The average equity rating for RIO stock is currently 1.60, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $101.93 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.
CLSA have made an estimate for Rio Tinto Group shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 29, 2021. The new note on the price target was released on July 16, 2021, representing the official price target for Rio Tinto Group stock.
The Average True Range (ATR) for Rio Tinto Group is set at 2.46, with the Price to Sales ratio for RIO stock in the period of the last 12 months amounting to 2.45. The Price to Book ratio for the last quarter was 2.59, with the Price to Cash per share for the same quarter was set at 10.03. Price to Free Cash Flow for RIO in the course of the last twelve months was 17.63 with Quick ratio for the last quarter at 1.80.
RIO Stock Performance Analysis:
Rio Tinto Group [RIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.43. With this latest performance, RIO shares gained by 0.49% in over the last four-week period, additionally plugging by 10.44% over the last 6 months – not to mention a rise of 32.53% 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 48.67, with the RSI for the last a single of trading hit 47.02, and the three-weeks RSI is set at 49.15 for Rio Tinto Group [RIO]. The present Moving Average for the last 50 days of trading for this stock 85.37, while it was recorded at 87.25 for the last single week of trading, and 79.74 for the last 200 days.
Insight into Rio Tinto Group 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 1.80 and a Current Ratio set at 2.10.
RIO Stock EPS
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 3.20%.
Rio Tinto Group [RIO] Insider Position Details
There are presently around $8,558 million, or 8.40% 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 12,926,059, which is approximately 3.271% 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 $1.03 billion in RIO stocks shares; and FRANKLIN RESOURCES INC, currently with $728.12 million in RIO stock with ownership of nearly -18.257% of the company’s market capitalization.
Positions in Rio Tinto Group stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 365 institutional holders increased their position in Rio Tinto Group [NYSE:RIO] by around 13,796,749 shares. Additionally, 194 investors decreased positions by around 7,834,133 shares, while 104 investors held positions by with 79,354,999 shares. The mentioned changes placed institutional holdings at 100,985,881 shares, according to the latest SEC report filing. RIO stock had 121 new institutional investments in for a total of 2,782,063 shares, while 60 institutional investors sold positions of 1,198,395 shares during the same period.