More and more people are talking about Rio Tinto Plc over the last few weeks. Is it worth buying the Industrial Metals & Mining stock at a price of $61.26? Only time will tell. The information below will give you a basic idea of what this investment may entail:
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Rio Tinto Plc has moved 9.0% over the last year, and the S&P 500 logged a change of 11.0%
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RIO has an average analyst rating of buy and is -23.53% away from its mean target price of $80.1 per share
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Its trailing earnings per share (EPS) is $5.27
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Rio Tinto Plc has a trailing 12 month Price to Earnings (P/E) ratio of 11.6 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $4.21 and its forward P/E ratio is 14.5
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The company has a Price to Book (P/B) ratio of 1.92 in contrast to the S&P 500's average ratio of 2.95
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Rio Tinto Plc is part of the Basic Materials sector, which has an average P/E ratio of 10.03 and an average P/B of 2.08
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RIO has reported YOY quarterly earnings growth of -42.8% and gross profit margins of 0.3%
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The company has a free cash flow of $4.48 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. It offers aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, molybdenum, and lithium. The company also owns and operates open pit and underground mines, refineries, smelters, and concentrator facilities, as well as power stations, research, and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.