Impala Asset Management LLC acquired a new stake in shares of Rio Tinto PLC (NYSE:RIO – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 40,194 shares of the mining company’s stock, valued at approximately $3,217,000. Rio Tinto comprises about 2.0% of Impala Asset Management LLC’s portfolio, making the stock its 12th biggest holding.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RIO. Wealth Quarterback LLC raised its stake in shares of Rio Tinto by 1.8% during the 4th quarter. Wealth Quarterback LLC now owns 6,532 shares of the mining company’s stock worth $523,000 after buying an additional 118 shares in the last quarter. Americana Partners LLC lifted its holdings in shares of Rio Tinto by 0.8% in the 4th quarter. Americana Partners LLC now owns 16,108 shares of the mining company’s stock valued at $1,289,000 after buying an additional 120 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Rio Tinto by 19.1% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 772 shares of the mining company’s stock valued at $62,000 after buying an additional 124 shares during the period. Bailard Inc. lifted its holdings in shares of Rio Tinto by 1.1% in the 4th quarter. Bailard Inc. now owns 12,306 shares of the mining company’s stock valued at $985,000 after buying an additional 128 shares during the period. Finally, IVC Wealth Advisors LLC lifted its holdings in shares of Rio Tinto by 1.2% in the 4th quarter. IVC Wealth Advisors LLC now owns 10,963 shares of the mining company’s stock valued at $877,000 after buying an additional 129 shares during the period. 19.33% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Rio Tinto
Here are the key news stories impacting Rio Tinto this week:
- Positive Sentiment: Erste Group Bank raised its earnings forecasts for Rio Tinto, increasing FY2026 EPS to $8.42 from $8.04 and FY2027 EPS to $8.47 from $8.31, which suggests analysts see stronger profitability ahead.
- Positive Sentiment: Rio Tinto and China Baowu completed Pilbara Blend iron ore pelletisation and direct reduction trials, a development that could support future demand for higher-value iron ore products and improve the company’s positioning with steel customers.
- Positive Sentiment: Rio Tinto’s collaboration with Sandvik to integrate autonomous drilling systems highlights continued investment in automation, which may improve productivity and lower operating costs over time. Article Title
- Neutral Sentiment: Coverage discussing Rio Tinto’s momentum trends and passive-income appeal may be helping keep investor interest elevated, but it does not appear to be a direct fundamental catalyst.
- Neutral Sentiment: Reports that Rio Tinto Shipping is selling half of its owned bulkers could be part of portfolio optimization, but the financial impact is unclear from the headline alone. Article Title
- Negative Sentiment: There is also a recent market note saying Rio Tinto slipped and underperformed the broader market earlier in the week, suggesting some short-term profit-taking or weaker trading sentiment. Article Title
Rio Tinto Trading Up 1.6%
Analysts Set New Price Targets
Several research firms recently weighed in on RIO. Sanford C. Bernstein raised their price objective on Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rio Tinto in a research note on Wednesday, May 20th. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Zacks Research downgraded Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Rio Tinto has an average rating of “Hold” and an average target price of $101.75.
View Our Latest Stock Analysis on RIO
About Rio Tinto
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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