The stock of Rio Tinto Group (NYSE:RIO) last traded at $69.81, up 4.15% from the previous session.
Data from the available sources indicates that Rio Tinto Group (NYSE:RIO) is covered by 6 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $92.00 and a low of $73.50, we find $76.85. Given the previous closing price of $67.03, this indicates a potential upside of 14.65 percent. RIO stock price is now 9.09% away from the 50-day moving average and 4.86% away from the 200-day moving average. The market capitalization of the company currently stands at $118.67B.
In total, 3 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $79.80 as their price target over the next twelve months.
A total of 6.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RIO stock. A new stake in Rio Tinto Group shares was purchased by PENDAL GROUP LTD during the first quarter worth $183,111,000. TWIN TREE MANAGEMENT, LP invested $18,611,000 in shares of RIO during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Rio Tinto Group valued at approximately $15,469,000. FARALLON CAPITAL MANAGEMENT LLC acquired a new stake in RIO for approximately $9,599,000. SQUAREPOINT OPS LLC purchased a new stake in RIO valued at around $7,519,000 in the second quarter. In total, there are 815 active investors with 11.10% ownership of the company’s stock.
With an opening price of $69.48 on Tuesday morning, Rio Tinto Group (NYSE: RIO) set off the trading day. During the past 12 months, Rio Tinto Group has had a low of $50.92 and a high of $80.51. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 1.60, and a quick ratio of 1.10. The fifty day moving average price for RIO is $64.16 and a two-hundred day moving average price translates $66.63 for the stock.
The latest earnings results from Rio Tinto Group (NYSE: RIO) was released for Dec, 2022. The net profit margin was 22.40% and return on equity was 24.20% for RIO.
Moreover, the firm recently paid out its quarterly dividend on 04/20/2023. Investors who held shares on 03/10/2023 were paid a $2.25 dividend. On an annualized basis, this represents a $9.09 dividend and a 13.02% percent yield. There was an ex-dividend date of 03/09/2023 for this dividend. In terms of dividend payout ratio, RIO is presently at 64.40%.
Rio Tinto Group(RIO) Company Profile
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. It offers aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, molybdenum, and lithium. The company also owns and operates open pit and underground mines, refineries, smelters, and concentrator facilities, as well as power stations, research, and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.
