At the time of writing, Rio Tinto plc ADR [RIO] stock is trading at $64.61, up 0.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RIO shares have lost -0.74% over the last week, with a monthly amount drifted -4.52%, and not 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 October 02, 2024, when Berenberg upgraded its rating to a Buy. Previously, HSBC Securities upgraded its rating to Buy on July 23, 2024. On June 27, 2024, downgrade downgraded it’s rating to Hold. Citigroup downgraded its rating to a Neutral. Liberum downgraded its rating to a Hold. In a note dated December 05, 2023, Exane BNP Paribas upgraded an Outperform 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 $90.4 within the next 12 months. Rio Tinto plc ADR [NYSE: RIO] shares were valued at $64.61 at the most recent close of the market. An investor can expect a potential return of 39.92% 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 0.29% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.27%, 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 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
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 64.17 points at the first support level, and at 63.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.94, and for the 2nd resistance point, it is at 65.28.
Ratios To Look Out For
It is important to note that Rio Tinto plc ADR [NYSE:RIO] has a current ratio of 1.70. Further, the Quick Ratio stands at 1.16, while the Cash Ratio is 0.77. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 9.85.
