Natixis Advisors LLC increased its stake in shares of Rio Tinto PLC (NYSE:RIO – Free Report) by 144.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,587,387 shares of the mining company’s stock after acquiring an additional 938,687 shares during the quarter. Natixis Advisors LLC’s holdings in Rio Tinto were worth $127,039,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. PFS Partners LLC bought a new stake in shares of Rio Tinto during the 4th quarter worth about $28,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Rio Tinto during the fourth quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Rio Tinto during the fourth quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Rio Tinto during the fourth quarter worth approximately $37,000. Finally, Baillie Gifford & Co. boosted its holdings in shares of Rio Tinto by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 524 shares of the mining company’s stock worth $42,000 after acquiring an additional 177 shares during the period. Institutional investors own 19.33% of the company’s stock.
Rio Tinto Price Performance
RIO stock opened at $111.77 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. The company’s 50-day simple moving average is $99.29 and its 200 day simple moving average is $90.01. Rio Tinto PLC has a 52 week low of $55.64 and a 52 week high of $112.58.
Trending Headlines about Rio Tinto
- Positive Sentiment: Rio Tinto and Sandvik announced a partnership to advance autonomous open-pit drilling, a move that could improve efficiency, lower costs, and support long-term mining productivity. Sandvik, Rio Tinto partner to advance autonomous open-pit drilling
- Positive Sentiment: The company commissioned a $1.5 billion low-carbon aluminium smelter expansion in Québec, reinforcing growth in its aluminium business and supporting its decarbonization strategy. Rio Tinto commissions low-carbon aluminium smelter expansion in Québec
- Positive Sentiment: Rio Tinto’s aluminum exports to the U.S. reportedly rebounded to pre-tariff levels, which could indicate improving trade flows and healthier demand for the company’s aluminum shipments. Rio Tinto’s aluminum exports to U.S. rebound to pretariff levels
- Positive Sentiment: Mining stocks broadly rose as copper prices strengthened and gold steadied, helping lift Rio Tinto along with the broader sector. FTSE 100 Live: Stocks inch higher as miners rise, BAT and Chemring fall
- Neutral Sentiment: Rio Tinto was noted as outperforming the market in Tuesday trading, reflecting relative strength rather than a new company-specific catalyst. Rio Tinto rises Tuesday, outperforms market
- Neutral Sentiment: Rio Tinto also faced a Madagascar rare earths lawsuit, which adds legal risk but does not yet appear to be the main driver of trading today. Rio Tinto faces Madagascar rare earths lawsuit
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on RIO. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Argus set a $120.00 price target on shares of Rio Tinto in a research note on Monday, April 27th. Zacks Research downgraded shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Bank of America downgraded shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.75.
Check Out Our Latest Report on RIO
Rio Tinto Profile
Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.
The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.
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