The stock of Rio Tinto Group (NYSE:RIO) decreased by -$1.08 on Monday to finish at $59.94, down -1.77 percent. The last five days have seen an average of 2,892,280 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$11.26. The average number of shares traded over the last 20 days was 2,829,750, while the average volume over the last 50 days totaled 2,891,410.
RIO stock dropped -12.53% since last month. On 08/14/23, the company’s shares reached a one-month low of $59.09. The stock touched a high of $80.51 on 01/26/23, after rallying from a low of $50.92 in 52 weeks. The price of RIO stock has declined by -15.81% or -$11.26 this year, reaching a new high 13 times. Still, the stock price is down -25.55% from the 52-week high.
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Valuation Metrics
Rio Tinto Group (RIO) has a trailing price-to-earnings (P/E) ratio of 11.32. Beta for the stock is 0.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 1.88, and the price-to-cash flow ratio of 16.75.
Company paid $1.77 per share in dividends, a decrease of -21.33% from $2.25 last year. A $0.48 dividend decrease was reported on Wednesday July 26 2023.
Financial Health
For the recent quarter, Rio Tinto Group’s quick ratio was 1.40, while its current ratio was 2.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.26, and the total debt to equity ratio is 0.27. Rio Tinto Group’s EBITDA margin for the recent year was 41.75%, whereas its operating margin stood at 28.20% for the same period. Based on annual data, it had gross profit of $43.08 billion and revenue of $55.55 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RIO’s return on assets (ROA) during the last 12 months has been 8.60%. There was a 22.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.90%.
Earnings Surprise
Net income for the quarter came in at $55.55 billion, while revenues fell by -14.29% to $0.0. At the end of Rio Tinto Group’s most recent quarter, its liabilities totaled 44.47 billion, while its total debt was $14.08 billion.
Technical Picture
Here’s a quick look at Rio Tinto Group’s (RIO) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 20.89%, suggesting the stock is oversold, with a 20.04% historical volatility rate.
The stochastic %K and %D were 5.65% and 8.15% respectively, while the average true range (ATR) was 1.42. Based on the 14-day stochastic reading of 8.98%, the RSI (14) reading is 30.22%. On the 9-day MACD Oscillator, the stock is at -2.07, and the 14-day reading is at -3.43.
Analyst Ratings
In its most recent analyst report, Liberum raised its rating on Rio Tinto Group (NYSE: RIO) to a Hold. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Rio Tinto Group (RIO) an Hold rating. RIO is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is RIO’s price target for the next 12 months?
The current consensus forecast for the stock is between $73.50 and $92.00, with a median target price of $77.45. In analyzing these forecasts, the average price target given by analysts for Rio Tinto Group (RIO) is $80.10.
