Gabelli Funds LLC Has $25.78 Million Position in Rio Tinto PLC $RIO

Posted by on Jul 26th, 2026

Gabelli Funds LLC lowered its holdings in shares of Rio Tinto PLC (NYSE:RIO – Free Report) by 24.7% during the first quarter, Holdings Channel reports. The institutional investor owned 276,300 shares of the mining company’s stock after selling 90,600 shares during the quarter. Gabelli Funds LLC’s holdings in Rio Tinto were worth $25,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of RIO. AdvisorNet Financial Inc lifted its holdings in shares of Rio Tinto by 160.2% during the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock worth $27,000 after acquiring an additional 181 shares during the period. PFS Partners LLC acquired a new stake in shares of Rio Tinto during the 4th quarter valued at about $28,000. Nvest Wealth Strategies Inc. bought a new stake in Rio Tinto in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in Rio Tinto in the first quarter valued at about $35,000. Finally, Costello Asset Management INC acquired a new position in Rio Tinto in the first quarter worth about $37,000. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Trading Down 0.3%

Shares of RIO stock opened at $91.25 on Friday. Rio Tinto PLC has a 52 week low of $58.40 and a 52 week high of $112.58. 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 stock’s fifty day moving average is $98.44 and its 200-day moving average is $95.77.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Sanford C. Bernstein raised their price target on shares of Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. Citigroup restated a “neutral” rating on shares of Rio Tinto in a research report on Thursday, July 9th. Royal Bank Of Canada lowered Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. Finally, Argus set a $120.00 price target on Rio Tinto in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Rio Tinto presently has an average rating of “Hold” and a consensus price target of $101.75.

Read Our Latest Analysis on RIO

Rio Tinto Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Rio Tinto (NYSE:RIO)

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