Currently, Rio Tinto plc ADR [RIO] is trading at $64.82, down -0.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RIO shares have gain 2.06% over the last week, with a monthly amount glided 0.61%, and seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $59.35 and a high of $75.09 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $79 within the next 12 months. Rio Tinto plc ADR [NYSE: RIO] shares were valued at $64.82 at the most recent close of the market. An investor can expect a potential return of 21.88% based on the average RIO price forecast.
Analyzing the RIO fundamentals
Trailing Twelve Months sales for Rio Tinto plc ADR [NYSE:RIO] were 53.96B which represents 0.51% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.28%, 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 0.25.
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 64.63 points at the first support level, and at 64.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.12, and for the 2nd resistance point, it is at 65.43.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rio Tinto plc ADR [NYSE:RIO] is 1.70. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.77. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 1.90 and price to earnings (TTM) ratio is 9.88.
