Is Rio stock a good buy?

Rio Tinto PLC – Buy Valuation metrics show that Rio Tinto PLC may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of RIO, demonstrate its potential to outperform the market. It currently has a Growth Score of B.

Is Rio Tinto a buy or sell?

Rio Tinto Group has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 5 buy ratings, 5 hold ratings, and 2 sell ratings.

Why is Rio Tinto stock going up?

The recent rise in stock was driven by an uptick in iron ore prices. Iron ore price per ton has increased from $112 to $126, reflecting a rise of 12.5% in a month.

Is Rio Tinto overvalued?

Summary. RIO’ has a weak valuation at its current share price on account of a overvalued PEG ratio due to strong growth. RIO’s PE and PEG are worse than the market average leading to a below average valuation score.

Who is the biggest shareholder in Rio Tinto?

Top 10 Owners of Rio Tinto PLC

Stockholder Stake Total value ($)
Fisher Asset Management LLC 1.09% 1,064,967,944
State Farm Investment Management … 0.88% 859,022,416
Capital Research & Management Co…. 0.65% 639,707,757
Arrowstreet Capital LP 0.65% 637,771,467

Is Rio Tinto undervalued?

Within the past 52 weeks, RIO’s P/B has been as high as 2.28 and as low as 1.58, with a median of 1.89. Value investors will likely look at more than just these metrics, but the above data helps show that Rio Tinto is likely undervalued currently.

Why is Rio Tinto down?

While the broader sell-down on the ASX is partly to blame, shares in Rio Tinto are underperforming the market after news that the Serbian government has blocked plans for the company’s Jadar lithium mine proposal in that country.

Why is Rio Tinto stock dropping?

Register now for FREE unlimited access to Jan 21 (Reuters) – Australian shares fell on Friday amid a sell-off across sectors, as stocks of mining giant Rio Tinto dropped, gold and mining companies dipped, and cases of the Omicron coronavirus variant in the country continued to surge.

Why is Rio Tinto stock down?

March 10 (Reuters) – London’s FTSE 100 fell on Thursday with heavyweight financial and oil shares leading declines, along with miner Rio Tinto after it severed all ties with Russian businesses and also traded ex-dividend.

Why is Rio Tinto share price dropping?

Rio Tinto stock analysis: technical view In the final quarter of last year, the company’s stock even languished below £50 as weak Chinese steel demand continued to depress iron prices, which contribute around 80% of its earnings. The company’s share price dropped by 10.6% in 2021.

Is Rio Tinto a gold stock?

Industrial metals like iron ore, copper, aluminum, nickel, lithium, cobalt, and zinc….Top mining stocks to buy in 2021.

Company Description
Barrick Gold (NYSE:GOLD) Gold and copper mining
BHP Group (NYSE:BHP) Diversified mining as well as oil and gas production
Rio Tinto (NYSE:RIO) Industrial metals mining

How much is a Rio Tinto share worth?

One share of RIO stock can currently be purchased for approximately $73.89. How much money does Rio Tinto Group make? Rio Tinto Group has a market capitalization of $92.20 billion and generates $44.61 billion in revenue each year.

What are Wall Street analysts’price targets for Rio Tinto’s shares?

22 Wall Street analysts have issued 1-year price targets for Rio Tinto’s shares. Their forecasts range from $55.23 to $57.00. On average, they anticipate Rio Tinto’s stock price to reach $56.10 in the next year.

Does Rio Tinto Group have an upside of 35%?

According to analysts’ consensus price target of $100.13, Rio Tinto Group has a forecasted upside of 35.5% from its current price of $73.89. Rio Tinto Group has only been the subject of 4 research reports in the past 90 days.

Can Rio Tinto withstand volatility in a mineral sector?

Lastly, Rio Tinto’s sound financial health suggests that volatility in an individual mineral will not spell ruin for the mining company. The company has a formidable balance sheet, featuring a net cash position of $1.6 billion as of the most recently completed quarter.