Rio Tinto Group (NYSE:RIO) finished Thursday with a subtraction of -$0.9 to close at $60.79, a downside of -1.46 percent. An average of 3,084,800 shares of common stock have been traded in the last five days. There was a gain of $1.23 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 3,173,835 shares traded, while the 50-day average volume stands at 2,923,370.
RIO stock has decreased by -10.54% in the last month. The company shares reached their 1-month lowest point of $58.27 on 08/16/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $50.92 and a high of $80.51 in 52 weeks. It has reached a new high 13 times so far this year and lost -14.62% or -$10.41 in price. In spite of this, the price is down -24.50% from the 52-week high.
Valuation Metrics
Rio Tinto Group (RIO) has a trailing price-to-earnings (P/E) ratio of 11.48. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.93, the price-to-book (PB) ratio at 1.91, and the price-to-cash flow ratio at 16.79.
The company has a payout ratio of 84.40%. The company’s most recent quarterly dividend payment was $1.77 a share, representing a down of -21.33% from $2.25 last year. Its latest decrease dividend $0.48 reported on Wednesday July 26 2023.
Financial Health
The quick ratio of Rio Tinto Group for the recent quarter was 1.40, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.27 for the recent quarter. Rio Tinto Group’s EBITDA margin is 41.75%, while its operating margin for the same period stands at 28.20%. Its gross profit as reported stood at $43.08 billion compared to revenue of $55.55 billion.
Earnings Surprise
The company posted a net income of $12.42 billion in the quarter, while revenues were shrunk -69.84%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Rio Tinto Group (RIO) price momentum. RSI 9-day as of the close on 24 August was 44.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.04%.
As of today, RIO’s price is $60.42 +2.07% or $1.23 from its 5-day moving average. RIO is currently trading -9.34% lower than its 20-day SMA and -11.38% lower than its 100-day SMA. However, the stock’s current price level is -7.33% below the SMA50 and +4.20% above the SMA200.
The stochastic %K and %D were 41.24% and 33.64%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 40.91% and the average true range at 1.31, the RSI (14) stands at 42.46%. The stock has reached 1.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.05.
Analyst Ratings
Liberum upgraded Rio Tinto Group (NYSE: RIO) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Rio Tinto Group (RIO) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell RIO, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
