Rio Tinto Group (NYSE: RIO). Extremely significant negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
RIO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Rio Tinto Group has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Rio Tinto Group has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 38, leading to the Neutral Value Trend Rating.
Recent Price Action
Rio Tinto Group (NYSE: RIO) stock closed at $68.24 on 4/26/24 after a modest gain of 0.7%. NORMAL trading volume accompanied the advance. The stock has risen 2.3% during the last week and has performed in line with the market over the last nine months.
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