Why Rio Tinto plc ADR (NYSE: RIO) Stock Should Not Be Taken For Granted By Investors In 2024

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In today’s recent session, 1.52 million shares of the Rio Tinto plc ADR (NYSE:RIO) have been traded, and its beta is 0.71. Most recently the company’s share price was $67.71, and it changed around $1.07 or 1.61% from the last close, which brings the market valuation of the company to $84.79B. RIO at last check was trading at a discount to its 52-week high of $75.09, offering almost -10.9% off that amount. The share price’s 52-week low was $58.27, which indicates that the recent value has risen by an impressive 13.94% since then. We note from Rio Tinto plc ADR’s average daily trading volume that its 3-month average coming to 3.06 million.

Rio Tinto plc ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 1.75. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended RIO as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Rio Tinto plc ADR is expected to report earnings per share of $0 for the current quarter.

Rio Tinto plc ADR (NYSE:RIO) trade information

Instantly RIO has been showing a green trend so far today with a performance of 1.61% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -9.06% year-to-date, but still up 1.39% over the last five days. On the other hand, Rio Tinto plc ADR (NYSE:RIO) is 6.78% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $97.01, which translates to bulls needing to increase their stock price by 30.2% from its current value. Analyst projections state that RIO is forecast to be at a low of $92 and a high of $100.

Rio Tinto plc ADR (RIO) estimates and forecasts

Rio Tinto plc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 12.18 percent over the past six months and at a -1.38% annual growth rate that is well below the industry average of 16.70%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -4.80%. Rio Tinto plc ADR earnings are expected to increase by 0.37% in 2024, but the outlook is negative -3.30% per year for the next five years.

RIO Dividends

Rio Tinto plc ADR’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 6.42 percent and its annual dividend per share was 4.35. It is important to note, however, that the 6.42% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.