The Rio Tinto Group (NYSE:RIO) is going up by 2.49% in today’s trading session, a rise equivalent to 1.23% of the stock’s price from yesterday’s market close. A news came out on 10/09/19 stating that Miners’ New Worry: Other People’s Pollution by WSJ. The lowest point that the shares touched during the trading session was $49.12, while the peak of the day was recorded at a share price of $49.815. RIO finished the previous session at $49.55 according to the data provided by Barchart, while the trading volume was observed to be $1145142.
In the 100 days of trading, RIO managed to top a 55.53% Moving average. Additionally, Rio Tinto Group shares have achieved a 52-week range between 42.28 and 63.26 alongside 100 days raw stochastic set at 19.08%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.66B, equal to the value of $82.31B in market capitalization. In the last 30 days, Rio Tinto Group shares went down by -8.08%, adding 55.44 to growth in value, on top of a +4.12% boost since 09/10/19.
Rio Tinto Group (NYSE:RIO) Analyst’s Estimates
According to the average analyst rating, Rio Tinto Group would be rated as Hold. Out of 4 different analysts monitoring RIO stock, 2 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that RIO is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 10, 2019, the stock earned a Upgrade rating due to a new analyst call from HSBC Securities, while analysts from Investec believe that the stock is set at Buy from Hold, as concluded on October 04, 2019. Exane BNP Paribas, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on September 05, 2019.
Liberum, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 22, 2019, giving the stock a Sell from the Hold rating.
RIO Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +31.56% has been attained, while the operating margin has been recorded at +27.01%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 14.39%. Beta value of the stock is recorded at 0.92. Additionally, Rio Tinto Group is recording price volatility of 1.31% for the period of the last seven days and 1.35% in the last 30 days.
Rio Tinto Group (NYSE:RIO) Technical Outlook
For the period of the last 50 days, Rio Tinto Group had its Raw Stochastic average set at 39.54% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 31.06%. Stochastic %K for Rio Tinto Group, with the last 20 days included, was set at 15.00%, having Stochastic %D topping 11.67%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Rio Tinto Group stocks with recording 7.86% in metrics.
Rio Tinto Group Insider Watch:
Similarly, 8.44% of the company’s float is held by institutions – and there are 474 institutions in total holding shares of this company. The top three institutional holders of RIO stocks are: State Farm Mutual Automobile Insurance Co with ownership of $844.38 million, which is approximately 13544820 of the company’s shares; Arrowstreet Capital, Limited Partnership, holding 11800576 shares of the stock with an approximate value of $735.65 million; and Fisher Asset Management, LLC, currently with more than 10567108 shares of the company valued at $658.75 million. Positions in Rio Tinto Group stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.