In today’s recent session, 1,413,401 shares of the Rio Tinto Group (NYSE:RIO) have been traded, and its beta is 0.64. Most recently the company’s share price was $80.07, and it changed around $1.29 or 0.02% from the last close, which brings the market valuation of the company to $129.11 Billion. RIO at last check was trading at a discount to its 52-week high of $92.85, offering almost -15.96% off that amount. The share price’s 52-week low was $44.11, which indicates that the recent value has risen by an impressive 44.91% since then. We note from Rio Tinto Group’s average daily trading volume that its 10-day average is 2.07 Million shares, with the 3-month average coming to 2.36 Million.
Rio Tinto Group stock received a consensus recommendation rating of Overweight, based on a mean score of 1.8. If we narrow it down even further, the data shows that none out of 6 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended RIO as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Rio Tinto Group is expected to report earnings per share of $0 for the current quarter.
Rio Tinto Group (NYSE:RIO): Trading Information Today
Instantly RIO has been showing a green trend so far today with a performance of 1.64% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $80.94 on Wednesday, Apr 07 increased the stock’s daily price by 0.93%. The company’s shares are currently up 0.07% year-to-date, but still up 0.0297 over the last five days. On the other hand, Rio Tinto Group (NYSE:RIO) is -0.04% down in the 30-day period. We can see from the shorts that 8.2 Million shares have been sold at a short interest cover period of 3.47 day (s).
The consensus price target as assigned by Wall Street analysts is $103.33, which translates to bears needing to increase their stock price by 29.05% from its current value. Analyst projections state that RIO is forecast to be at a low of $81 and a high of $119. In order for the stock price to hit the forecast high, the stock would need to surge +48.62% from its current level, while the stock would need to crash 1.16% from its current level to reach the projected low.
Rio Tinto Group (RIO) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 71%. Rio Tinto Group earnings are expected to increase by 23% in 2021, but the outlook is negative -7.1% per year for the next five years.
RIO Dividend Yield
The annual dividend yield of the stock is 5.89 percent and its annual dividend per share was $4.64. It is important to note, however, that the 5.89% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.52% per year.
Rio Tinto Group (NYSE:RIO)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Rio Tinto Group shares, and 8.09% of them are in the hands of institutional investors. The stock currently has a share float of 8.09%. Rio Tinto Group stock is held by 612 institutions, with Fisher Asset Management, LLC being the largest institutional investor. By Dec 30, 2020, it held 0.98% of the shares, which is about 12.17 Million shares worth $915.11 Million.
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State Farm Mutual Automobile Insurance Co, with 0.97% or 12.13 Million shares worth $912.57 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Franklin Custodian Funds-Income Fund and Washington Mutual Investors Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 8871864 shares worth $667.34 Million, making up 0.71% of all outstanding shares. On the other hand, Washington Mutual Investors Fund held roughly 3.99 Million shares worth around $305.17 Million, which represents about 0.32% of the total shares outstanding.