With 2.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.23 million shares. The 52-week range on RIO shows that it touched its highest point at $74.24 and its lowest point at $51.67 during that stretch. It currently has a 1-year price target of $82.00. With its current market cap of 78.07 billion, RIO has annualized dividend of $4.02 while the current yield stands at 6.46%. Beta for the stock currently stands at 0.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIO was up-trending over the past week, with a rise of 4.13%, but this was up by 9.51% over a month. Three-month performance surged to 1.01% while six-month performance fell -7.71%. The stock lost -11.04% in the past year, while it has gained 5.88% so far this year. A look at the trailing 12-month EPS for RIO yields 7.04 with Next year EPS estimates of 6.23. EPS is expected to grow by 0.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.69%.
Float and Shares Shorts:
At present, 1.25 billion RIO shares are outstanding with a float of 1.25 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIO since 14 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.91819 being high and $6.68792 being low. For RIO, this leads to a yearly average estimate of $6.81807. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
