Norris Financial Group LLC purchased a new position in Rio Tinto PLC (NYSE:RIO – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 6,814 shares of the mining company’s stock, valued at approximately $636,000.
A number of other hedge funds also recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in shares of Rio Tinto during the 1st quarter valued at about $84,000. AQR Capital Management LLC increased its stake in Rio Tinto by 78.4% during the 1st quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company’s stock worth $726,000 after purchasing an additional 5,310 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Rio Tinto by 20.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company’s stock worth $690,000 after buying an additional 1,968 shares during the period. Empowered Funds LLC raised its holdings in Rio Tinto by 5.8% during the 1st quarter. Empowered Funds LLC now owns 5,280 shares of the mining company’s stock worth $317,000 after buying an additional 288 shares during the period. Finally, Focus Partners Wealth lifted its stake in Rio Tinto by 16.7% in the first quarter. Focus Partners Wealth now owns 15,985 shares of the mining company’s stock valued at $962,000 after buying an additional 2,285 shares in the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.
Rio Tinto Stock Up 3.7%
Shares of RIO opened at $97.13 on Friday. Rio Tinto PLC has a twelve month low of $58.40 and a twelve month high of $112.58. The company has a 50 day moving average of $97.69 and a 200-day moving average of $96.13. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.
Rio Tinto Announces Dividend
Key Stories Impacting Rio Tinto
Here are the key news stories impacting Rio Tinto this week:
- Positive Sentiment: Strong first-half results: Rio Tinto reported approximately $31.0 billion in sales and $6.7 billion in net income for the first half of 2026, with profit reportedly rising 47% year over year. Underlying earnings increased 43%, while free cash flow surged 75% to $3.8 billion. Higher commodity prices and production supported the results. Mining major Rio Tinto logs 43% rise in interim profit
- Positive Sentiment: Higher shareholder returns: Rio Tinto declared an interim dividend of $2.11 per share, representing a 43% increase, supported by stronger earnings and cash flow. The payout reinforces the stock’s income appeal. Rio Tinto shares surge as copper growth drives profit and dividend beat
- Positive Sentiment: Analyst sentiment improved: Goldman Sachs upgraded Rio Tinto to “buy,” followed by Berenberg’s upgrade from “hold” to “buy.” Analysts appear encouraged by the company’s simplification strategy, cash generation and exposure to growth markets. Berenberg upgrades Rio Tinto
- Positive Sentiment: Exposure to AI-related metals: Copper EBITDA rose 84% and aluminum EBITDA 38%, with the two businesses contributing 57% of total EBITDA. Demand from data centers and broader AI infrastructure is viewed as a long-term growth catalyst. Rio Tinto: Excellent Q2 Results
- Neutral Sentiment: Valuation remains a focus: Rio Tinto’s strong year-to-date and one-year performance has attracted fresh valuation analysis. Supporters argue the shares remain inexpensive relative to diversified mining peers, but some of the improved outlook may already be reflected in the stock.
- Negative Sentiment: Estimates were trimmed: Erste Group lowered its FY2026 EPS forecast to $8.34 from $8.45 and its FY2027 forecast to $8.27 from $8.37. The cuts are modest but highlight continued sensitivity to commodity prices, operating execution and production risks.
Analyst Ratings Changes
Several research analysts have recently weighed in on RIO shares. Zacks Research cut shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Argus set a $120.00 price objective on shares of Rio Tinto in a research report on Monday, April 27th. Morgan Stanley lowered shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group upgraded Rio Tinto from a “neutral” rating to a “buy” rating in a report on Wednesday. Finally, Citigroup reissued a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $105.50.
Check Out Our Latest Stock Analysis on RIO
Rio Tinto Company 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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