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Should you buy RIO stock before earnings?
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Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
Rio Tinto PLC trades on the NYSE stock market under the symbol RIO.
As of March 5, 2025, RIO stock price climbed to $63.75 with 3,470,837 million shares trading.
RIO has a beta of 0.72, meaning it tends to be less sensitive to market movements. RIO has a correlation of 0.16 to the broad based SPY ETF.
RIO has a market cap of $103.53 billion. This is considered a Large Cap stock.
In the last 3 years, RIO traded as high as $83.21 and as low as $50.92.
The top ETF exchange traded funds that RIO belongs to (by Net Assets): FVD, GCOW, AVDE, DFAX, FENI.
RIO has underperformed the market in the last year with a return of +5.0%, while SPY returned +15.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RIO shares. However, RIO has outperformed the market in the last 3 month and 2 week periods, returning +0.6% and -0.7%, while SPY returned -3.7% and -4.6%, respectively. This indicates RIO has been having a stronger performance recently.
RIO support price is $61.17 and resistance is $63.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RIO shares will trade within this expected range on the day.