Rio Tinto Should Keep Part of Its Record Haul

Eileen GuzmanFeb 08, 2018

"It's a very good day for Rio". Many traders will use a combination of moving averages with different time frames to help review stock trend direction. The Price to Sales (P/S) ratio of the stock is 2.71, while P/B (Price to Book) stands at 2.34.

For the current Fiscal Quarter, 6 analysts on average are expecting earnings of $1.07 per share.

LMR Partners LLP bought a new position in shares of Rio Tinto plc (NYSE:RIO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The Lower end of the earnings estimate is $3.5, while the higher end of the earnings estimate is $5.37.

What will also please shareholders is the sharp increase in earnings before interest, tax, amortisation and depreciation (EBITDA) margin from 38% to 44% - the highest in a decade; and a bigger than expected reduction in net debt to US$3.8 billion from US$9.6 billion. The stock presently has a consensus rating of "Hold" and an average price target of $55.09.

Shares of Rio Tinto plc (LON:RIO) have been given an average rating of "Buy" by the twenty brokerages that are now covering the firm, reports.

Taking a peek at some Moving Averages, the 200-day is at 43.42, and the 50-day is 56.96.

Profitability analysis greatly helps in making investment decision.

ROA ratio indicates how profitable a company is relative to its total assets.

Rio Tinto Plc (NYSE:RIO) now has a "Hold" signals on Composite indicators by TrendSpotter. While it's Return on Investment (ROI) value is 8.6%.

Rio Tinto Plc (NYSE:RIO) has the Market Capitalization of 102.07 Billion.

Usually, the ROE ratio's between 12-15 percent are considered desirable. Jefferies Group reiterated a "buy" rating and issued a GBX 4,200 ($58.89) target price on shares of Rio Tinto in a research note on Thursday, September 21st. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. While talking about Performance of the Stock, Rio Tinto plc now has a Weekly performance of -1.74%, monthly performance percentage is 1.19 percent, Quarterly performance is 12.08 percent, 6 months performance shows a percent value of 15.34% and Yearly Performance is 29.01 percent. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. Rio Tinto plc has a 1-year low of GBX 2,253.50 and a 1-year high of GBX 3,784.50.

"The strength of our cash flow is a result of resilient prices during the year coupled with a robust operational performance and a focus on mine to market productivity", Jacques said.

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