Rio Tinto Plc (NYSE:RIO) closed at the price of $55.78. The stock exchanged hands average trading capacity of 3.06 Million shares, yielding a market cap of $94.11 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $60.65 within the next 52-weeks. The mean target projections are based on 4 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Rio Tinto Plc (NYSE:RIO) high price target of $64.46 and with a conservative view have low price target of $53.79.
Goldman Sachs “Upgrades” Rio Tinto Plc (NYSE:RIO) in a research note issued to investors on 2/12/19 to Buy with price target of $0.
Additionally on 2/08/19 Investec “Downgrades” Rio Tinto Plc (NYSE:RIO) to Hold setting price target at $0 and on 10/09/18 Goldman Sachs “Upgrades” the stock to Buy at $0. Furthermore on 9/10/18 JP Morgan “Upgrades” the stock to Overweight at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 68.09 along with Average True Range (ATR 14) of 1.03, Consequently Rio Tinto Plc (NYSE:RIO)’s weekly and monthly volatility is 1.37%, 1.56% respectively. The company’s beta value is at 0.86.
In terms of Buy, Sell or Hold recommendations, Rio Tinto Plc (NYSE:RIO) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Currently Rio Tinto Plc (NYSE:RIO)’s shares owned by insiders are 6.5%, whereas shares owned by institutional owners are 8%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 1.55%.
Rio Tinto Plc (NYSE:RIO)’s trailing twelve month revenues are $40.63 Billion, whereas its price to sales ratio for the same period is 2.32. Its book value per share for the most recent quarter is $24.32 while its price to book ratio for the same period is 2.29, as for as the company’s cash per share for the most recent quarter is $4.82, however its price to cash per share ratio for the same period is 11.57. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 9.63.