Extremely important negative changes in investment behavior have recently occurred for Rio Tinto Group (NYSE: RIO): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Rio Tinto Group (NYSE: RIO). Significant negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
RIO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Rio Tinto Group has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Rio Tinto Group has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 66, and the Positive Value Trend Rating results.
Recent Price Action
Rio Tinto Group (NYSE: RIO) stock declined by -2.0% on 2/26/24. The shares closed at $64.65. Moreover, trading volume in this decline was above average at 132% of normal. The stock has been strong relative to the market over the last nine months but has declined -4.3% during the last week.
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