Are Analysts Too Bullish On Rio Tinto plc ADR (RIO)

Rio Tinto plc ADR (NYSE:RIO) currently has a daily average trading volume of 3.03M but it saw 3188028 shares traded in last market. With a market cap of 73.57B USD, the company’s current market price of $58.73 came falling about -1.03 while comparing to the previous closing price of $59.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $75.09 and as low as $59.19. In the recent trading on the day, stock has struck highest price mark of $58.67 while lowest mark touched by it was $59.64.

Taking a look at 20-day trading activity of Rio Tinto plc ADR (RIO) gives us an average price of $62.60, while its current price level is -21.79% below from 52-week high level whereas it is -0.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $63.82 while that of 200 days or SMA-200 reads an average of $65.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.71% during that period while stretching the period over a month that decreases to 1.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.89 which implies that the stock is in neutral territory.

Over the week, RIO’s stock price is moving -7.44% down while it is -5.93% when we observe its performance for the past one month. Year-to-date it is -21.13% down and over the past year, the stock is showing a downside performance of -20.41%.

Currently, Rio Tinto plc ADR’s total number of outstanding shares is 1.25B. Company’s return on investment (ROI) stands at 15.65% and return on equity (ROE) at 20.04%. It has a price to earnings ratio (P/E ratio) of 8.95 while having a 8.53 of forward P/E ratio. Stock’s beta reads 0.67. Stock has a price to book (P/B) ratio of 1.72 while price to sale or P/S ratio amounts to 1.36. Its return on asset (ROA) is 10.74% on average.