Rio Tinto plc ADR [NYSE: RIO] loss -1.82% on the last trading session, reaching $66.47 price per share at the time.
If compared to the average trading volume of 2.95M shares, RIO reached a trading volume of 4365084 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Rio Tinto plc ADR [RIO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIO shares is $82.22 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 1.50. 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.
Berenberg have made an estimate for Rio Tinto plc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 02, 2024. The new note on the price target was released on July 23, 2024, representing the official price target for Rio Tinto plc ADR stock.
The Average True Range (ATR) for Rio Tinto plc ADR is set at 1.28, with the Price to Sales ratio for RIO stock in the period of the last 12 months amounting to 1.54. 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 7.84. Price to Free Cash Flow for RIO in the course of the last twelve months was 10.99 with Quick ratio for the last quarter at 1.16.
Trading performance analysis for RIO stock
Rio Tinto plc ADR [RIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.29. With this latest performance, RIO shares gained by 5.19% in over the last four-week period, additionally plugging by 1.19% over the last 6 months – not to mention a rise of 6.56% 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 48.97, with the RSI for the last a single of trading hit 43.18, and the three-weeks RSI is set at 51.10 for Rio Tinto plc ADR [RIO]. The present Moving Average for the last 50 days of trading for this stock 64.50, while it was recorded at 66.92 for the last single week of trading, and 66.55 for the last 200 days.
Rio Tinto plc ADR [RIO]: A deeper dive into fundamental analysis
Rio Tinto plc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 1.70.
Rio Tinto plc ADR [RIO]: An earnings per share (EPS) analysis
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 plc ADR go to -0.42%.
An analysis of Institutional ownership at Rio Tinto plc ADR [RIO]
There are presently around $10.73%, or 10.73%% of RIO stock, in the hands of institutional investors. The top three institutional holders of RIO stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 22.21 million shares, which is approximately 1.3697%. FISHER ASSET MANAGEMENT, LLC, holding 17.04 million shares of the stock with an approximate value of $$1.12 billion in RIO stocks shares; and FISHER ASSET MANAGEMENT, LLC, currently with $$720.73 million in RIO stock with ownership which is approximately 0.6742%.
