During the last session, Rio Tinto plc ADR (NYSE:RIO)’s traded shares were 3.9 million, with the beta value of the company hitting 0.73. At the end of the trading day, the stock’s price was $63.00, reflecting an intraday loss of -0.47% or -$0.3. The 52-week high for the RIO share is $75.09, that puts it down -19.19 from that peak though still a striking 7.51% gain since the share price plummeted to a 52-week low of $58.27. The company’s market capitalization is $78.89B, and the average intraday trading volume over the past 10 days was 2.99 million shares, and the average trade volume was 2.88 million shares over the past three months.
Rio Tinto plc ADR (NYSE:RIO) trade information
Rio Tinto plc ADR (RIO) registered a -0.47% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.47% in intraday trading to $63.00, hitting a weekly high. The stock’s 5-day price performance is -1.16%, and it has moved by -2.85% in 30 days. Based on these gigs, the overall price performance for the year is -5.87%. The short interest in Rio Tinto plc ADR (NYSE:RIO) is 6.73 million shares and it means that shorts have 1.93 day(s) to cover.
Rio Tinto plc ADR (RIO) estimates and forecasts
Statistics show that Rio Tinto plc ADR has underperformed its competitors in share price, compared to the industry in which it operates. Rio Tinto plc ADR (RIO) shares have gone up 4.17% during the last six months, with a year-to-date growth rate less than the industry average at 7.72% against 18.80.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.80%. While earnings are projected to return 4.38% in 2024, the next five years will return -3.30% per annum.
RIO Dividends
Rio Tinto plc ADR is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Rio Tinto plc ADR is 4.35, with the dividend yield indicating at 6.90 percent, continuing the trend of increasing dividends in recent years.
Rio Tinto plc ADR (NYSE:RIO)’s Major holders
Rio Tinto plc ADR insiders own 0.00% of total outstanding shares while institutional holders control 11.44%, with the float percentage being 11.44%. Wellington Management Group, LLP is the largest shareholder of the company, while 886 institutions own stock in it. As of Jun 29, 2023, the company held over 16.44 million shares (or 1.31% of all shares), a total value of $1.05 billion in shares.
The next largest institutional holding, with 14.89 million shares, is of Fisher Asset Management, LLC’s that is approximately 1.19% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $950.76 million.
Also, the Mutual Funds coming in first place with the largest holdings of Rio Tinto plc ADR (RIO) shares are Washington Mutual Investors Fund and iShares Core MSCI EAFE ETF. Data provided on Sep 29, 2023 indicates that Washington Mutual Investors Fund owns about 7.76 million shares. This amounts to just over 0.62 percent of the company’s overall shares, with a $493.98 million market value. The same data shows that the other fund manager holds slightly less at 6.13 million, or about 0.49% of the stock, which is worth about $382.84 million.
