Rio Tinto plc ADR (NYSE: RIO)’s stock price has gone rise by 0.34 in comparison to its previous close of 66.97, however, the company has experienced a 0.64% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-19 that BHP Group (BHP) records iron ore production of 191Mt for the first nine-month period of fiscal 2024. This puts the miner on track to attain its targeted output of 254-264.5 Mt for fiscal 2024.
Is It Worth Investing in Rio Tinto plc ADR (NYSE: RIO) Right Now?
Rio Tinto plc ADR (NYSE: RIO) has a higher price-to-earnings ratio of 10.94x compared to its average ratio. RIO has 36-month beta value of 0.70. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for RIO is 1.25B, and currently, short sellers hold a 0.45% ratio of that float. The average trading volume of RIO on April 23, 2024 was 3.06M shares.
RIO’s Market Performance
The stock of Rio Tinto plc ADR (RIO) has seen a 0.64% increase in the past week, with a 4.79% rise in the past month, and a -0.12% fall in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are at 1.65% for RIO.. The simple moving average for the past 20 days is 3.31% for RIO’s stock, with a 1.92% simple moving average for the past 200 days.
RIO Trading at 3.49% from the 50-Day Moving Average
After a stumble in the market that brought RIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.51% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares surge +6.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.34% lower at present.
During the last 5 trading sessions, RIO rose by +0.64%, which changed the moving average for the period of 200-days by +6.77% in comparison to the 20-day moving average, which settled at $65.26. In addition, Rio Tinto plc ADR saw -9.75% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RIO
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.28 for the gross margin
The net margin for Rio Tinto plc ADR stands at 0.17. The total capital return value is set at 0.25. Equity return is now at value 19.13, with 10.00 for asset returns.
Based on Rio Tinto plc ADR (RIO), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.56. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 13.01.
Currently, EBITDA for the company is 22.05 billion with net debt to EBITDA at 0.18. When we switch over and look at the enterprise to sales, we see a ratio of 1.48. The receivables turnover for the company is 23.3for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
To put it simply, Rio Tinto plc ADR (RIO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
