Rio Tinto plc ADR (NYSE:RIO) has a beta value of 0.68 and has seen 1.11 million shares traded in the recent trading session. The company, currently valued at $83.24B, closed the recent trade at $66.46 per share which meant it lost -$1.24 on the day or -1.83% during that session. The RIO stock price is -12.99% off its 52-week high price of $75.09 and 10.7% above the 52-week low of $59.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.6 million shares traded. The 3-month trading volume is 2.95 million shares.
The consensus among analysts is that Rio Tinto plc ADR (RIO) is Buy stock at the moment, with a recommendation rating of 1.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 14 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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Rio Tinto plc ADR (NYSE:RIO) trade information
Sporting -1.83% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RIO stock price touched $66.46 or saw a rise of 1.95%. Year-to-date, Rio Tinto plc ADR shares have moved -10.74%, while the 5-day performance has seen it change -0.30%. Over the past 30 days, the shares of Rio Tinto plc ADR (NYSE:RIO) have changed 5.17%. Short interest in the company has seen 9.37 million shares shorted with days to cover at 3.31.
Wall Street analysts have a consensus price target for the stock at $92, which means that the shares’ value could jump 27.76% from the levels at last check today. The projected low price target is $79.0 while the price target rests at a high of $100.0. In that case, then, we find that the latest price level in today’s session is -50.47% off the targeted high while a plunge would see the stock gain -18.87% from the levels at last check today.
Rio Tinto plc ADR (RIO) estimates and forecasts
Figures show that Rio Tinto plc ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 1.17% over the past 6 months, with this year growth rate of -3.31%, compared to 17.80% for the industry. Revenue growth from the last financial year stood is estimated to be -2.90%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.80% over the past 5 years. Earnings growth for 2024 is a modest -3.63% while over the next 5 years, the company’s earnings are expected to decrease by -0.42%.
RIO Dividends
Rio Tinto plc ADR is expected to release its next earnings report on 2007-Jul-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.35 at a share yield of 6.55%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.75%.
Rio Tinto plc ADR (NYSE:RIO)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 10.73% with a share float percentage of 10.73%. Investors are also buoyed by the number of investors in a company, with Rio Tinto plc ADR having a total of 867.0 institutions that hold shares in the company. The top two institutional holders are WELLINGTON MANAGEMENT GROUP LLP with over 22.21 million shares worth more than $1.46 billion. As of 2024-06-30, WELLINGTON MANAGEMENT GROUP LLP held 1.3697% of shares outstanding.
The other major institutional holder is FISHER ASSET MANAGEMENT, LLC, with the holding of over 17.04 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.12 billion and represent 1.0511% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Fenway Funds-Equity Income Fund and iShares Core MSCI EAFE ETF. As of Jun 30, 2024, the former fund manager holds about 0.69% shares in the company for having 8.61 shares of worth $572.54 million while later fund manager owns 6.7 shares of worth $445.52 million as of Aug 31, 2024, which makes it owner of about 0.54% of company’s outstanding stock.
