Rio Tinto PLC (NYSE:RIO) was downgraded by stock analysts at Clarkson Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.

A number of other equities research analysts have also recently issued reports on RIO. Canaccord Genuity cut Rio Tinto PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto PLC in a research note on Thursday, September 28th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Rio Tinto PLC in a research note on Monday, August 14th. Royal Bank Of Canada cut Rio Tinto PLC from a “top pick” rating to an “outperform” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research upgraded Rio Tinto PLC from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Rio Tinto PLC has a consensus rating of “Buy” and a consensus price target of $50.50.

Rio Tinto PLC (RIO) traded down 0.130% during trading on Monday, reaching $49.945. The company had a trading volume of 1,372,192 shares. Rio Tinto PLC has a 52-week low of $31.67 and a 52-week high of $50.77. The company has a market capitalization of $89.55 billion, a PE ratio of 14.561 and a beta of 0.96. The company has a 50 day moving average price of $48.28 and a 200 day moving average price of $43.63.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Knowledge Leaders Capital LLC grew its holdings in Rio Tinto PLC by 126.0% in the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock valued at $101,000 after buying an additional 1,334 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Rio Tinto PLC by 13.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock worth $110,000 after purchasing an additional 299 shares in the last quarter. Hudock Capital Group LLC grew its holdings in shares of Rio Tinto PLC by 125.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock worth $118,000 after purchasing an additional 1,555 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Rio Tinto PLC by 212.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock worth $135,000 after purchasing an additional 2,166 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Rio Tinto PLC by 120.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,753 shares of the mining company’s stock worth $159,000 after purchasing an additional 2,048 shares in the last quarter. 6.87% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

The Fly

Analyst Recommendations for Rio Tinto PLC (NYSE:RIO)

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