Rio Tinto Group (LON:RIO) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Rio Tinto shares crossed above their 200-day moving average (200-day MA GBX 5,754.70), trading as high as GBX 6,927 and last at GBX 6,842 on heavy volume (~39.9M), marking a notable technical breakout.
• Brokerages mostly rate the stock a Hold (one Buy, four Holds) with an average price target of GBX 5,830, which is materially below the current share price.
• Fundamentals show a market cap of £111.23bn, a P/E of 11.25, debt-to-equity of 39.51 and a beta of 0.65, suggesting solid valuation metrics with moderate leverage and lower volatility.

Shares of Rio Tinto Group (LON:RIO - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,754.70 and traded as high as GBX 6,927. Rio Tinto Group shares last traded at GBX 6,842, with a volume of 39,883,859 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on RIO. Berenberg Bank restated a "hold" rating and issued a GBX 5,300 target price on shares of Rio Tinto Group in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the stock an "overweight" rating in a report on Wednesday, December 3rd. Royal Bank Of Canada increased their price target on Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the company a "sector perform" rating in a research note on Thursday, January 22nd. Finally, Citigroup raised their price objective on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a "neutral" rating in a report on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 5,830.

Rio Tinto Group Trading Up 0.8%

The company has a debt-to-equity ratio of 39.51, a current ratio of 1.44 and a quick ratio of 1.34. The firm has a market cap of £111.23 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. The firm's fifty day moving average is GBX 6,792.46 and its 200-day moving average is GBX 5,754.70.

Rio Tinto Group Company Profile

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries. We have more than 150 years of mining and processing experience guiding our work.

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