Rio Tinto Group [RIO] Stock trading around $68.04 per share: What’s Next?

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Rio Tinto Group [NYSE: RIO] traded at a low on 06/16/22, posting a -2.13 loss after which it closed the day’ session at $68.04. The company report on June 14, 2022 that Rio Tinto: First ore delivered at Gudai-Darri iron ore mine in the Pilbara.


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Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its first greenfield mine in the Pilbara, Western Australia, in more than a decade. Gudai-Darri will help underpin future production of the company’s flagship Pilbara Blend™ product.

The first autonomous AutoHaul™ trains loaded with ore from Gudai-Darri’s process plant have travelled the new 166-kilometre rail line that connects to Rio Tinto’s existing rail and port infrastructure. Production from the mine will continue to ramp up through the remainder of this year and is expected to reach full capacity during 2023.

The results of the trading session contributed to over 3535744 shares changing hands. Over the past one week, the price volatility of Rio Tinto Group stands at 2.55% while the volatility over the past one month is 2.05%.

The market cap for RIO stock reached $117.48 billion, with 1.62 billion shares outstanding and 1.06 billion shares in the current float. Compared to the average trading volume of 3.48M shares, RIO reached a trading volume of 3535744 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 $78.64 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 2.40. 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 Buy, with their previous recommendation back on June 07, 2022. The new note on the price target was released on April 26, 2022, representing the official price target for Rio Tinto Group stock.

The Average True Range (ATR) for Rio Tinto Group is set at 2.12, with the Price to Sales ratio for RIO stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 8.89. Price to Free Cash Flow for RIO in the course of the last twelve months was 45.12 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 -8.56. With this latest performance, RIO shares dropped by -1.33% in over the last four-week period, additionally plugging by 6.25% over the last 6 months – not to mention a drop of -15.57% 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 40.97, with the RSI for the last a single of trading hit 37.34, and the three-weeks RSI is set at 42.81 for Rio Tinto Group [RIO]. The present Moving Average for the last 50 days of trading for this stock 72.65, while it was recorded at 69.10 for the last single week of trading, and 71.01 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 +44.89 and a Gross Margin at +48.84. Rio Tinto Group’s Net Margin is presently recorded at +33.22.

Return on Total Capital for RIO is now 41.51, given the latest momentum, and Return on Invested Capital for the company is 33.62. Return on Equity for this stock inclined to 42.37, with Return on Assets sitting at 20.84. When it comes to the capital structure of this company, Rio Tinto Group [RIO] has a Total Debt to Total Equity ratio set at 26.31. Additionally, RIO Total Debt to Total Capital is recorded at 20.83, with Total Debt to Total Assets ending up at 13.15. Long-Term Debt to Equity for the company is recorded at 24.10, with the Long-Term Debt to Total Capital now at 19.08.

Reflecting on the efficiency of the workforce at the company, Rio Tinto Group [RIO] managed to generate an average of $310,826 per employee. Receivables Turnover for the company is 19.28 with a Total Asset Turnover recorded at a value of 0.63.Rio Tinto Group’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.90.

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 -3.30%.

Insider trade positions for Rio Tinto Group [RIO]

There are presently around $8,656 million, or 10.70% 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 14,128,925, which is approximately 4.252% of the company’s market cap and around 6.50% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 12,899,694 shares of the stock with an approximate value of $877.7 million in RIO stocks shares; and STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, currently with $743.8 million in RIO stock with ownership of nearly 0% of the company’s market capitalization.

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 406 institutional holders increased their position in Rio Tinto Group [NYSE:RIO] by around 20,537,981 shares. Additionally, 188 investors decreased positions by around 6,677,100 shares, while 132 investors held positions by with 100,001,707 shares. The mentioned changes placed institutional holdings at 127,216,788 shares, according to the latest SEC report filing. RIO stock had 124 new institutional investments in for a total of 3,808,087 shares, while 50 institutional investors sold positions of 2,334,363 shares during the same period.

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