Marks Group Wealth Management Inc increased its holdings in shares of Rio Tinto PLC (NYSE:RIO – Free Report) by 298.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,558 shares of the mining company’s stock after purchasing an additional 10,904 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Rio Tinto were worth $1,358,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its stake in Rio Tinto by 160.2% during the first quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock worth $27,000 after buying an additional 181 shares during the period. PFS Partners LLC purchased a new stake in shares of Rio Tinto in the 4th quarter valued at approximately $28,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Rio Tinto in the 4th quarter valued at approximately $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Rio Tinto in the 4th quarter worth approximately $34,000. Finally, Evelyn Partners Investment Management LLP acquired a new position in shares of Rio Tinto in the 4th quarter worth approximately $34,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on RIO. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rio Tinto in a research report on Wednesday, May 20th. Zacks Research cut Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Bank of America lowered Rio Tinto from a “buy” rating to a “neutral” rating in a research report on Friday, May 22nd. Argus set a $120.00 price objective on Rio Tinto in a research note on Monday, April 27th. Finally, Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.75.
Rio Tinto Trading Down 3.2%
Shares of RIO opened at $90.64 on Friday. The company’s 50-day simple moving average is $100.50 and its 200-day simple moving average is $95.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. Rio Tinto PLC has a 1 year low of $58.40 and a 1 year high of $112.58.
More Rio Tinto News
Here are the key news stories impacting Rio Tinto this week:
- Positive Sentiment: Rio Tinto reported an 18% sequential increase in Q2 Pilbara iron ore shipments, and first-half Pilbara production was the highest since 2018, a sign that its core iron ore business is running well and supporting revenue. Rio Tinto Reports 18% Sequential Increase in Q2 Iron Ore Shipments
- Positive Sentiment: The company said copper unit costs fell sharply and it kept full-year guidance unchanged, which suggests better operational efficiency even as the commodity backdrop remains mixed. Rio Tinto cuts copper unit costs nearly in half for 2026
- Positive Sentiment: Rio Tinto also increased first-half copper-equivalent production by 3%, reinforcing the view that growth across the portfolio is continuing. Rio Tinto releases second quarter 2026 production results
- Neutral Sentiment: Rio Tinto and Mongolia reached an agreement related to the Oyu Tolgoi project loan terms, which may help support the long-term copper project but is not an immediate earnings driver. Mongolia Copper and Gold Project Progress Asserts Rio Tinto PLC ADR (RIO) as a Top Dividend Stock to Invest In
- Negative Sentiment: Some reports noted mixed Q2 output and rising costs tied to geopolitical tensions, suggesting investors may be focused on margin pressure outside iron ore. Mideast tensions push up Rio Tinto’s costs
- Negative Sentiment: One market report also highlighted that Rio Tinto lowered copper cost guidance, which can be read as a cautionary sign that the company is still working through cost challenges in that segment. Rio Tinto iron ore shipments rise; copper cost guidance lowered
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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