Rio Tinto 2017 Profit Rises; Announces Additional $1 Bln Share Buy-back

Posted February 08, 2018

Rio Tinto plc (LON:RIO) has been assigned a GBX 4,000 ($51.66) price target by equities researchers at BNP Paribas in a report issued on Wednesday.

Its performance was driven by higher commodity prices, with sales revenues surging by $US6.2 billion to $US40 billion.

That's a pretty tempting yield for a company with good earnings growth prospects and I think the stock still looks good value despite its 20% rise over the past 12-months versus the 4.5% gain by the S&P/ASX 200 (Index:^AXJO) (ASX:XJO).

LMR Partners LLP bought a new position in shares of Rio Tinto plc (NYSE:RIO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

RIO has been the topic of a number of research reports. Rio Tinto presently has a consensus rating of "Hold" and a consensus price target of $55.09.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. Investors may need to follow a disciplined system which may help keep emotions in check when making investment decisions.

Why United Parcel Service, Inc. Stock Fell 7% Thursday
The institutional investor owned 10,426 shares of the transportation company's stock after selling 2,700 shares during the period. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since February 2, 2017 and is uptrending.

The company shows its Return on Assets (ROA) value of 6.9%. The bigger the return, the more efficient management is in utilizing its asset base.

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Return on Investment measures the amount of return on an investment relative to the investment's cost. Underlying net profit after tax, in turn, was $8.62bn, up from $5.1bn in 2016, slightly ahead of market forecasts. The third largest holder is Goldman Sachs Group Inc, which now holds $328.47 million worth of this stock and that ownership represents almost 0.32% of its market capitalization.

Usually, the ROE ratio's between 12-15 percent are considered desirable. While talking about Performance of the Stock, Rio Tinto plc now has a Weekly performance of -1.74%, monthly performance percentage is 1.19 percent, Quarterly performance is 12.08 percent, 6 months performance shows a percent value of 15.34% and Yearly Performance is 29.01 percent. Northern Trust Corp now owns 1,166,895 shares of the mining company's stock worth $49,372,000 after acquiring an additional 9,809 shares during the last quarter. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

The objective of a stock price analysis is to study the behaviour of stock prices. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going.

The materials sector was the best performing on the index, with mining heavyweights BHP Billiton and Rio Tinto rising about 1.6 percent and 2.2 percent each.

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