Rio Tinto Group (LON:RIO) Share Price Passes Above 200 Day Moving Average – Here’s Why

Posted by Tech Dows on Feb 8th, 2025

Rio Tinto Group (LON:RIO – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,917.55 ($61.00) and traded as high as GBX 5,086 ($63.09). Rio Tinto Group shares last traded at GBX 5,026 ($62.35), with a volume of 1,892,352 shares.

Wall Street Analyst Weigh In

RIO has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,000 ($74.43) price objective on shares of Rio Tinto Group in a report on Wednesday, December 11th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,400 ($79.39) target price on shares of Rio Tinto Group in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 6,203.75 ($76.96).

View Our Latest Stock Report on RIO

Rio Tinto Group Stock Performance

The business has a 50 day moving average price of GBX 4,860.16 and a 200 day moving average price of GBX 4,914.89. The company has a debt-to-equity ratio of 25.01, a current ratio of 1.70 and a quick ratio of 1.34. The stock has a market capitalization of £62.69 billion, a PE ratio of 995.04, a PEG ratio of -0.64 and a beta of 0.59.

Insider Buying and Selling

In other Rio Tinto Group news, insider Jakob Stausholm sold 6,489 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($61.88), for a total value of £323,671.32 ($401,527.50). 14.62% of the stock is owned by company insiders.