How does RIO's PB Ratio compare to its peers?

RIO is expensive based on its Price-To-Book Ratio (2.5x) compared to the peer average (1.4x).

How does RIO's PB Ratio compare vs other companies in the PE Metals and Mining Industry?

RIO is expensive based on its Price-To-Book Ratio (2.5x) compared to the South American Metals and Mining industry average (0.8x).

What is RIO's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate RIO's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of RIO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

RIO ($0.34) is trading above our estimate of [[fair value]] ($0.19)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Rio2 (BVL:RIO) - Stock Price, News & Analysis

RIO Stock Overview

Engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. More details

RIO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings are forecast to grow 94.69% per year

Analysts in good agreement that stock price will rise by 79.3%

Risk Analysis

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue ($0)

Rio2 Limited Competitors

Compañía Minera Poderosa

BVL:PODERC1

S/6.7b

Minera IRL

BVL:MIRL

US$3.9m

Empresa Siderúrgica del PerúA

BVL:SIDERC1

S/1.2b

Sociedad Minera Corona

BVL:MINCORI1

S/435.9m

Price History & Performance

Summary of all time highs, changes and price drops for Rio2
Historical stock prices
Current Share Price	CA$0.34
52 Week High	CA$0.34
52 Week Low	CA$0.34
Beta	2.35
11 Month Change	0%
3 Month Change	0%
1 Year Change	-26.09%
33 Year Change	-43.33%
5 Year Change	34.92%
Change since IPO	-24.44%

Recent updates

Shareholder Returns

	RIO	PE Metals and Mining	PE Market
7D	0%	-0.06%	-37.1%
1Y	-26.1%	26.2%	-32.5%

Return vs Industry: RIO underperformed the PE Metals and Mining industry which returned 26.2% over the past year.

Return vs Market: RIO exceeded the PE Market which returned -32.5% over the past year.

Price Volatility

Is RIO's price volatile compared to industry and market?
RIO volatility
RIO Average Weekly Movement	0%
Metals and Mining Industry Average Movement	3.0%
Market Average Movement	2.8%
10% most volatile stocks in PE Market	7.3%
10% least volatile stocks in PE Market	1.2%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine RIO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1990	n/a	Andrew Cox	www.rio2.com

Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. It holds a 100% in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.

Rio2 Limited Fundamentals Summary

How do Rio2's earnings and revenue compare to its market cap?
RIO fundamental statistics
Market cap	US$200.10m
Earnings (TTM)	-US$13.61m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-14.7x

P/E Ratio

Is RIO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RIO income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$13.61m
Earnings	-US$13.61m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.032
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did RIO perform over the long term?

See historical performance and comparison

RIO Stock Overview

Rewards

Risk Analysis

Rio2 Limited Competitors

BVL:PODERC1

S/6.7b

BVL:MIRL

US$3.9m

BVL:SIDERC1

S/1.2b

BVL:MINCORI1

S/435.9m

Price History & Performance

Recent News & Updates

Rio2 Limited has completed a Follow-on Equity Offering in the amount of CAD 55.00001 million.

Rio2 Limited has filed a Follow-on Equity Offering in the amount of $40 million.

Rio2 Limited announced that it expects to receive CAD 5 million in funding

New minor risk - Profitability

New minor risk - Shareholder dilution

Lead Independent Director recently bought US$73k worth of stock

Recent updates

Rio2 Limited has completed a Follow-on Equity Offering in the amount of CAD 55.00001 million.

Rio2 Limited has filed a Follow-on Equity Offering in the amount of $40 million.

Rio2 Limited announced that it expects to receive CAD 5 million in funding

New minor risk - Profitability

New minor risk - Shareholder dilution

Lead Independent Director recently bought US$73k worth of stock

Rio2 Limited announced that it has received CAD 23.0217 million in funding

Rio2 Limited's Subsidiary Fenix Gold Limitada Receives the Formal Resolucion De Calificacion Ambiental for its Fenix Gold Project Located in the Maricunga Mineral Belt of the Atacama Region, Chile

Rio2 Limited, Annual General Meeting, May 15, 2024

New major risk - Financial position

Rio2 Limited Files an Independent Technical Report on the Feasibility Study for the Fenix Gold Project

Rio2 Limited Completes Feasibility Study for the Fenix Gold Project

Rio2 Limited, Annual General Meeting, Sep 27, 2023

No longer forecast to breakeven

Rio2 Limited Announces Executive Changes

Insufficient new directors

Rio2 Limited, Annual General Meeting, Dec 14, 2022

Rio2 Limited Provides Update on Environmental Impact Assessment for its Fenix Gold Project in Chile

Insufficient new directors

Executive VP & Chief Strategy Officer recently sold US$50k worth of stock

Rio2 Limited and Sixth Wave Innovations Inc. Announce Commencement of Second Phase IXOS Test Work at Fenix Gold Project

CEO, President & Director recently bought US$272k worth of stock

Rio2 Limited announced that it has received CAD 6.365372 million in funding from Wheaton Precious Metals Corp.

Rio2 Limited Announces Positive Results obtained from the Run-Of-Mine Heap Leaching Trial for its Fenix Gold Project in Chile

Rio2 Limited Provides an Update Regarding Its Progress Related to Its Fenix Gold Project in Chile

Rio2 Limited(TSXV:RIO) dropped from S&P/TSX Venture Composite Index

New 90-day high - US$0.69

Rio2 Limited (TSXV:RIO) acquired Compañía Minera Paso San Francisco S.A. from Inversiones Alxar S.A. for $1.5 million.