Rio Tinto pledges 'growth agenda,' declares record dividend

Rio Tinto plc (RIO) Receives Consensus Rating of “Buy” from Analysts

The SI to Rio Tinto Plc's float is 0.81%. The company has market cap of $92.08 billion. Commerzbank Aktiengesellschaft FI now owns 55,415 shares of the mining company's stock valued at $2,615,000 after buying an additional 1,135 shares during the last quarter. When we look at the Volatility of the company, Week Volatility is at 3.23% whereas Month Volatility is at 1.70%. Future earnings predictions are perhaps the most essential input when trying to value a company.

Rio Tinto (NYSE:RIO) -1.7% premarket despite declaring a record dividend after reporting its highest annual profit in three years. The Lower end of the earnings estimate is $3.5, while the higher end of the earnings estimate is $5.37. The company had a trading volume of 3,171,167 shares, compared to its average volume of 2,855,629.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock.

And it's turned out well for shareholders so far, having just seen Rio register a massive surplus of $8.6 billion on the back of surging commodity prices and a robust operating performance. This measurement is based on closing prices over a specific period of time.

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Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

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Rio Tinto plc (LON RIO) opened at 3677.50 on Wednesday.

Return on Investment measures the amount of return on an investment relative to the investment's cost. "If the other mining companies follow suit, we can look forward to upgrading our forecast for United Kingdom dividends in what was otherwise shaping up to be a bit of a boring 2018 for payouts".

"Investors seemed less than impressed by the record dividend on offer", said ETX Capital senior market analyst Neil Wilson. The Return on Equity (ROE) and Return on Investment (ROI) values are 15.9 percent and 8.6 percent respectively. For the Current month, 5 analysts have assigned this stock as Buy where 2 assigned Outperform, 10 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.5 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Traders may use these levels to help identify stock price reversals. In general, if the reading goes above -20, the stock may be considered to be overbought.

Tracking other technical indicators, the 14-day RSI is presently standing at 54.01, the 7-day sits at 54.08, and the 3-day is resting at 64.62 for Rio Tinto Ltd (RIO.AX).

The stock now shows its YTD (Year to Date) performance of 4.27 percent, whereas its Weekly performance stands at -1.74%.

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