How to Buy Rio Tinto Stock
Rio Tinto Ltd
Rio Tinto is a mining company located in Australia, which is part of the Basic Materials sector, and is traded under the ticker RIO on the NYSE exchange.
Rio Tinto stock last closed at $62.11, down 2.22% from the previous day, and has decreased 9.97% in one year. It has underperformed other stocks in the Other Industrial Metals & Mining industry by 0.02 percentage points. Rio Tinto stock is currently +4.65% from its 52-week low of $59.35, and -17.28% from its 52-week high of $75.09.
As of Dec 6, 2024, there are 1.63B RIO shares outstanding. The market value of RIO is $101.06B. In the last 24 hours, 2.69M RIO shares were traded.
How to Buy Rio Tinto Stock
Not sure how to invest in Rio Tinto stock? Here's how.
- Choose where to buy Rio Tinto stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Rio Tinto stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your payment method and add your info.
- Evaluate Rio Tinto stock: The Rio Tinto ticker symbol is RIO. Is Rio Tinto stock a good investment? Should you buy shares of RIO? How do RIO's underlying business fundamentals look? Do top analysts think Rio Tinto is a good buy? Why has RIO's stock price moved recently? (Hint: Our stock research website can help you decide if RIO is a good stock to buy).
- Place your RIO buy order: Decide if you will purchase RIO shares at the current market price or use a limit order to purchase RIO stock at a given price.
- Track your RIO investment: Create a watchlist to track your investment in Rio Tinto stock.
Step 1: Choose where to buy Rio Tinto stock
You need a brokerage account to access the NYSE market and buy RIO stock.
Our recommended brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal details so you are able to buy RIO today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on app for investing, you need to deposit funds:
Check out the tutorial below to see the process of depositing funds into your investment account.
Step 4: Evaluate Rio Tinto stock
After you have chosen the best place to buy Rio Tinto stock, it's very important to evaluate their stock before you buy, so you actually understand the risk and upside.
Rio Tinto stock data
Rio Tinto Due Diligence Score
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on RIO's stock page.
What is the fair value of RIO stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RIO's true value.
Using relative valuations methods:
- RIO may be undervalued based on its P/E ratio of 10.01x, relative to Other Industrial Metals & Mining industry P/E ratio of 14.8x
- RIO may be undervalued based on its P/B ratio of 1.85x, relative to Other Industrial Metals & Mining industry P/B ratio of 1.9x
- RIO may be overvalued based on its PEG ratio of 1.74x
You can do additional valuation research on RIO's stock here.
How do RIO Financials look?
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the RIO balance sheet.
- RIO earnings of $14.86B is not sufficient to cover its interest payments.
- RIO's operating cash flow of $15.16B allows it to safely service it's debt of $15.14B.
- Total RIO debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- RIO has a relatively high debt to equity ratio of 0.87.
- RIO profit margin has gone down from 22.3% to 18.6% in the past year.
- There are more long-term liabilities than short-term assets on the RIO balance sheet.
You can dive deeper into what analysts are forecasting on the Rio Tinto stock forecast page.
Metrics for Advanced RIO Traders
Is RIO Growing Revenue?
Last year, RIO earnings were $10.06B. Over the past 5 year, RIO's earnings have grown by -4.8% per year. This was slower than the Other Industrial Metals & Mining industry average of -2.32%.
Last year, RIO revenue was $54.04B. During the past five year, RIO's revenue has increased by 5.93% per year. This was faster than the Other Industrial Metals & Mining industry average of 4.78%.
Dive into RIO's earnings and revenue performance here.
Are RIO insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at RIO have not bought or sold any shares.
Learn more about who owns RIO stock here.
Can I get consistent income from RIO stock?
Rio Tinto pays a dividend of 7%, compared to the Other Industrial Metals & Mining industry's average dividend yield of 3.88%. If you owned $1,000 of RIO stock, you would have received $70.04 in the past year.
Rio Tinto dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Rio Tinto dividend yield and history here.
RIO Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your RIO buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open button and your broker will execute your order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Track your RIO investment
Now that you own some RIO shares, you'll want to keep up with your investment.
Create a watchlist to get alerted to the latest events about your RIO stock.
RIO Feed
How to Buy Stock in Rio Tinto
To reiterate, here are the 6 steps for buying Rio Tinto stock:
- Choose where to buy Rio Tinto stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Evaluate Rio Tinto stock
- Place your RIO buy order
- Track your RIO investment
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Rio Tinto, get started below.
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