In today’s recent session, 1.24 million shares of the Rio Tinto plc ADR (NYSE:RIO) have been traded, and its beta is 0.69. Most recently the company’s share price was $65.91, and it changed around -$0.75 or -1.13% from the last close, which brings the market valuation of the company to $82.55B. RIO at last check was trading at a discount to its 52-week high of $75.09, offering almost -13.93% off that amount. The share price’s 52-week low was $59.35, which indicates that the recent value has risen by an impressive 9.95% since then. We note from Rio Tinto plc ADR’s average daily trading volume that its 10-day average is 3.61 million shares, with the 3-month average coming to 2.83 million.
Rio Tinto plc ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 1.56. 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.
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Rio Tinto plc ADR (NYSE:RIO) trade information
Instantly RIO has been showing red trend so far today with a performance of -1.13% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 70.19 on recent trading dayincreased the stock’s daily price by 6.1%. The company’s shares are currently down -11.48% year-to-date, but still down -6.93% over the last five days. On the other hand, Rio Tinto plc ADR (NYSE:RIO) is 10.27% up in the 30-day period. We can see from the shorts that 8.91 million shares have been sold at a short interest cover period of 3.56 day(s).
The consensus price target as assigned by Wall Street analysts is $92, which translates to bulls needing to increase their stock price by 28.36% from its current value. Analyst projections state that RIO is forecast to be at a low of $79 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 fallen -0.90 percent over the past six months and at a -3.31% annual growth rate that is well below the industry average of 18.40%. The year-over-year growth rate is expected to be -2.90%, down from the previous year.
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 -3.16% in 2024, but the outlook is negative -0.40% per year for the next five years.
RIO Dividends
Rio Tinto plc ADR’s next quarterly earnings report is expected to be released on 2007-Jul-18. The annual dividend yield of the stock is 6.60 percent and its annual dividend per share was 4.35. It is important to note, however, that the 6.60% 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 7.75 per year.
Rio Tinto plc ADR (NYSE:RIO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.00% of Rio Tinto plc ADR shares, and 10.73% of them are in the hands of institutional investors. The stock currently has a share float of 10.73%. Rio Tinto plc ADR stock is held by 868.0 institutions, with WELLINGTON MANAGEMENT GROUP LLP being the largest institutional investor. By 2024-06-30, it held 1.3697% of the shares, which is about 22.21 million shares worth $1.46 billion.
FISHER ASSET MANAGEMENT, LLC, with 1.0511% or 17.04 million shares worth $1.12 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Fenway Funds-Equity Income Fund and iShares Core MSCI EAFE ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 8.61 shares worth $567.17 million, making up 0.69% of all outstanding shares. On the other hand, iShares Core MSCI EAFE ETF held roughly 6.7 shares worth around $441.35 million, which represents about 0.54% of the total shares outstanding.
