At the time of writing, Rio Tinto plc ADR [RIO] stock is trading at $63.86, down -0.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIO shares have gain 5.07% over the last week, with a monthly amount drifted -0.50%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Berenberg upgraded its rating to Buy on October 02, 2024. On July 23, 2024, upgrade upgraded it’s rating to Buy. Berenberg downgraded its rating to a Hold. Citigroup downgraded its rating to a Neutral. Liberum downgraded its rating to Hold for this stock on March 05, 2024. In a note dated January 12, 2024, Goldman initiated an Buy rating.
For the past year, the stock price of Rio Tinto plc ADR fluctuated between $57.85 and $74.24. 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 $63.86 at the most recent close of the market. An investor can expect a potential return of 23.71% based on the average RIO price forecast.
Analyzing the RIO fundamentals
According to Rio Tinto plc ADR [NYSE:RIO], the company’s sales were 53.39B for trailing twelve months, which represents an -2.10% plunge. 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 0.1, Equity is 0.19 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 63.47 points at the first support level, and at 63.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.15, and for the 2nd resistance point, it is at 64.45.
Ratios To Look Out For
It is important to note that Rio Tinto plc ADR [NYSE:RIO] has a current ratio of 1.63. On the other hand, the Quick Ratio is 1.13, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 9.07.
