Jefferies lifts Rio Tinto Group [RIO] price estimate. Who else is bullish?

Related

Share

Rio Tinto Group [NYSE: RIO] surged by $1.83 during the normal trading session on Tuesday and reaching a high of $64.055 during the day while it closed the day at $63.84. The company report on November 18, 2021 that Rio Tinto becomes sole owner of Diavik Diamond Mine.

Rio Tinto has become the sole owner of Diavik Diamond Mine in the Northwest Territories of Canada, continuing its leading role in the Canadian diamond industry.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


A transaction has been completed for Rio Tinto’s acquisition of the 40 per cent share held by Dominion Diamond Mines in Diavik, following the Court of Queen’s Bench of Alberta’s approval.

Rio Tinto Group stock has also gained 5.43% of its value over the past 7 days. However, RIO stock has declined by -15.33% in the 3 months of the year. Over the past six months meanwhile, it has lost -23.06% and lost -12.37% year-on date.

The market cap for RIO stock reached $102.79 billion, with 1.62 billion shares outstanding and 1.06 billion shares in the current float. Compared to the average trading volume of 3.56M shares, RIO reached a trading volume of 3910753 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $73.72 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 1.80. 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.

Jefferies have made an estimate for Rio Tinto Group shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 20, 2021. The new note on the price target was released on October 06, 2021, representing the official price target for Rio Tinto Group stock.

The Average True Range (ATR) for Rio Tinto Group is set at 1.44, with the Price to Sales ratio for RIO stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 1.95, with the Price to Cash per share for the same quarter was set at 10.52. Price to Free Cash Flow for RIO in the course of the last twelve months was 12.67 with Quick ratio for the last quarter at 1.80.

RIO stock trade performance evaluation

Rio Tinto Group [RIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.43. With this latest performance, RIO shares dropped by -4.47% in over the last four-week period, additionally sinking by -23.06% over the last 6 months – not to mention a rise of 0.82% 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 51.77, with the RSI for the last a single of trading hit 59.02, and the three-weeks RSI is set at 47.62 for Rio Tinto Group [RIO]. The present Moving Average for the last 50 days of trading for this stock 65.52, while it was recorded at 61.43 for the last single week of trading, and 78.88 for the last 200 days.

Rio Tinto Group [RIO]: An insightful look at the core 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.

Earnings per share (EPS) analysis for Rio Tinto Group [RIO] stock

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 -5.50%.

>> 7 Top Picks for the Post-Pandemic Economy <<

Rio Tinto Group [RIO]: Insider Ownership positions

There are presently around $6,555 million, or 8.70% 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 13,358,333, which is approximately 3.344% of the company’s market cap and around 6.50% of the total institutional ownership; STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, holding 10,931,820 shares of the stock with an approximate value of $697.89 million in RIO stocks shares; and CAPITAL WORLD INVESTORS, currently with $480.79 million in RIO stock with ownership of nearly 92.01% of the company’s market capitalization.

Positions in Rio Tinto Group stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 318 institutional holders increased their position in Rio Tinto Group [NYSE:RIO] by around 12,720,667 shares. Additionally, 243 investors decreased positions by around 10,819,669 shares, while 104 investors held positions by with 79,131,687 shares. The mentioned changes placed institutional holdings at 102,672,023 shares, according to the latest SEC report filing. RIO stock had 61 new institutional investments in for a total of 1,840,607 shares, while 88 institutional investors sold positions of 2,348,047 shares during the same period.

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam