Are You Thinking About Investing In Rio Tinto Plc?

Large-cap Basic Materials company Rio Tinto Plc has logged a 0.8% change today on a trading volume of 1,391,333. The average volume for the stock is 3,264,188.

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. Based in London, United Kingdom the company has 54,000 full time employees and a market cap of $106,023,174,144. Rio Tinto Plc currently offers its equity investors a dividend that yields 7.7% per year.

The company is now trading -16.2% away from its average analyst target price of $76.35 per share. The 4 analysts following the stock have set target prices ranging from $67.9 to $90.0, and on average give Rio Tinto Plc a rating of buy.

Over the last year, RIO shares have gone up 0.8%, which represents a difference of -11.0% when compared to the S&P 500. The stock's 52 week high is $80.52 per share whereas its 52 week low is $50.92. Based on Rio Tinto Plc's compounded average operating margin growth of 0.3% over the last 4 years, its core business remains strong and its strong stock performance may continue in the long term.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-12-31 55,554,000 21,284,000 61.69 -12.83
2021-12-31 63,495,000 18,561,000 70.77 8.39
2020-12-31 44,611,000 15,485,000 65.29 5.34
2019-12-31 43,165,000 16,412,000 61.98 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.