Is Buying Stock In Rio Tinto Group (RIO) A Good Move Today?

Rio Tinto Group (NYSE:RIO) saw an upside of 0.50% to close Friday at $68.47 after adding $0.34 on the day. The 5-day average trading volume is 3,350,540 shares of the company’s common stock. It has gained $69.23 in the past week. An average of 4,514,350 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,343,364.

RIO’s 1-month performance is -4.98% or -$5.08 on its low of $64.24 reached on 09/20/21. The company’s shares have touched a 52-week low of $53.65 and high of $93.91, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, RIO has lost -6.01% or -$6.75. However, the current price is down -27.09%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 18.19 and a low of 5.660. RIO stock has a beta of 0.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.88 while the price-to-book (PB) in the most recent quarter is 2.09, with the price to cash flow ratio at 13.55.

Rio Tinto Group pays an annual dividend of $7.52 per share. Its dividend yield is 10.98% and the payout ratio is 40.00%. RIO’s most recent quarterly dividend payment was made on Sep. 23, when it paid $3.76 a share compared with prior rate of $1.85, up 50.8% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $1.91 reported on Thursday July 29 2021. Measured over the last 3 years, the Dividend has been growing by 63.14% yearly.

It is projected that Rio Tinto Group’s next ex-dividend date will be on 4-Mar. RIO is expected to distribute $2.538 as its next dividend.

Rio Tinto Group’s quick ratio for the recent quarter was 1.80, with the current ratio over the same period at 2.10 meaning that RIO stock is able to fulfill its debt obligations. The trailing 12-month EBITDA margin is 48.53% while Rio Tinto Group’s operating margin was 48.30%. The firm’s gross profit as reported stood at $36.12 billion against revenue of $44.61 billion.

Earnings Surprise

RIO stock balance sheet for the recent quarter shows that total liabilities totaled 45.27 billion, with total debt at $13.51 billion

Technical Picture

Let’s look briefly at Rio Tinto Group (RIO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 52.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.06%.

The stock’s 5-day moving average is $67.32, reflecting a +2.48% or $1.66 change from its current price. RIO is currently trading -6.44% above its 20-day SMA, -23.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -22.78% and -9.06% respectively.

Stochastic %K and %D was 77.18% and 59.33% and the average true range (ATR) pointed at 1.56. The RSI (14) points at 44.89%, while the 14-day stochastic is at 81.53% with the period’s ATR at 1.66. The stock’s 9-day MACD Oscillator is pointing at 1.02 and 1.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Rio Tinto Group (NYSE: RIO), Exane BNP Paribas upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for RIO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RIO as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is RIO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $77.00 and a high of $120.00, with their median price target at $90.82. Looking at these predictions, the average price target given by analysts is for Rio Tinto Group (RIO) stock is $94.66.

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