Macquarie Analysts Give Rio Tinto (LON:RIO) a GBX 4900 Price Target

An employee stands near a rotary dredge working at an open-cast iron ore mine of the Stoilensky mining and concentration plant, owned by the Novolipetsk steel mill in the city of Stary Oskol in Belgorod region Russia

The Price to Sales (P/S) ratio of the stock is 2.71, while P/B (Price to Book) stands at 2.34. The stock was acquired at an average price of GBX 3,490 ($48.93) per share, for a total transaction of £909,703.40 ($1,275,523.56). Future earnings predictions are perhaps the most essential input when trying to value a company. Biggest dividend ever in the 125-year history of the company and we believe that we'll be able to generate a lot of cash again this year,"Jacques told reporters on an earnings call". They are also projecting the Low EPS estimate of $3.5 and the High EPS estimate of $5.37. Comparatively, RIO posted earnings of $4.41 per share in the same quarter, a year earlier. These Revenue projections are a consensus of 4 Analysts.

"Investors seemed less than impressed by the record dividend on offer", said ETX Capital senior market analyst Neil Wilson.

The miner also reduced net debt to US$3.8 billion, and made US$2.7 billion in divestments past year, including the sale of most of its Australian coal assets to China-backed Yancoal. After keeping Technical check on movement of stock price comparison to its moving averages like 20, 50 and 200 SMA, we detected following trends of RIO. Price Target plays a critical role when it comes to the analysis of a Stock.

The P/E of Rio Tinto plc is now valued at 15.71 allowing its investors to analyze the company's stock valuation and its shares relative to the income of the company that it makes. Moving averages can help spot trends and price reversals. The authority will not be liable for anyone who makes stock portfolio or financial decisions as per the editorial, which is based only on limited and open source information. Return on Assets (ROA) value of the stock is 6.9 Percent.

The 14-day ADX for Rio Tinto Plc (RTPPF) is now sitting at 32.76. While it's Return on Investment (ROI) value is 8.6%.

Image Chief executive Jean Sebastien Jacques
Image Chief executive Jean Sebastien Jacques

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. Moreover, Hodges Capital Management Inc. has 0.58% invested in the company for 287,691 shares.

Usually, the ROE ratio's between 12-15 percent are considered desirable. The rating was maintained by Barclays Capital with "Overweight" on Friday, March 18.

Industrials and consumer staples accounted for most of the losses, with Auckland International Airport Ltd falling 2.1 per cent and a2 Milk Company Ltd declining 1.9 per cent. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company.

The objective of a stock price analysis is to study the behaviour of stock prices. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Macquarie reaffirmed an "outperform" rating and set a GBX 4,700 ($65.90) price target on shares of Rio Tinto in a report on Friday, February 2nd. Looking slightly further out, the stock is 1.83% year to date.




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