At the time of writing, Rio Tinto plc ADR [RIO] stock is trading at $67.42, up 4.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIO shares have gain 7.15% over the last week, with a monthly amount glided 6.98%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rio Tinto plc ADR [NYSE: RIO] stock has seen the most recent analyst activity on July 23, 2024, when HSBC Securities upgraded its rating to a Buy. Previously, Berenberg downgraded its rating to Hold on June 27, 2024. On May 20, 2024, downgrade downgraded it’s rating to Neutral. Liberum downgraded its rating to a Hold. Goldman initiated its recommendation with a Buy. Exane BNP Paribas upgraded its rating to Outperform for this stock on December 05, 2023. In a note dated December 01, 2023, Liberum upgraded an Buy rating on this stock.
For the past year, the stock price of Rio Tinto plc ADR fluctuated between $59.35 and $75.09. Currently, Wall Street analysts expect the stock to reach $93.25 within the next 12 months. Rio Tinto plc ADR [NYSE: RIO] shares were valued at $67.42 at the most recent close of the market. An investor can expect a potential return of 38.31% based on the average RIO price forecast.
Analyzing the RIO fundamentals
According to Rio Tinto plc ADR [NYSE:RIO], the company’s sales were 53.96B for trailing twelve months, which represents an 0.51% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.2 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 67.17 points at the first support level, and at 66.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.76, and for the 2nd resistance point, it is at 68.10.
Ratios To Look Out For
It is important to note that Rio Tinto plc ADR [NYSE:RIO] has a current ratio of 1.70. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.77. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 1.97 and price to earnings (TTM) ratio is 10.28.
