Credit Suisse AG Has $12.18 Million Position in Rio Tinto plc ADR (RIO)

Credit Suisse AG cut its stake in shares of Rio Tinto plc ADR (NYSE:RIO) by 31.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 238,664 shares of the mining company’s stock after selling 111,754 shares during the period. Credit Suisse AG’s holdings in Rio Tinto were worth $12,177,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its stake in Rio Tinto by 26.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,664 shares of the mining company’s stock valued at $259,000 after acquiring an additional 968 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Rio Tinto by 41.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 69,109 shares of the mining company’s stock valued at $3,834,000 after purchasing an additional 20,213 shares during the period. Comerica Bank raised its position in shares of Rio Tinto by 2.2% in the second quarter. Comerica Bank now owns 77,424 shares of the mining company’s stock valued at $4,200,000 after purchasing an additional 1,655 shares during the period. First Trust Advisors LP raised its position in shares of Rio Tinto by 495.9% in the second quarter. First Trust Advisors LP now owns 93,531 shares of the mining company’s stock valued at $5,189,000 after purchasing an additional 77,834 shares during the period. Finally, Sigma Planning Corp raised its position in shares of Rio Tinto by 16.1% in the second quarter. Sigma Planning Corp now owns 11,225 shares of the mining company’s stock valued at $623,000 after purchasing an additional 1,556 shares during the period. Institutional investors own 7.16% of the company’s stock.

RIO has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “buy” rating on shares of Rio Tinto in a research report on Tuesday, October 16th. Goldman Sachs Group raised shares of Rio Tinto from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Rio Tinto in a research report on Wednesday, November 7th. Liberum Capital raised shares of Rio Tinto from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research lowered shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.80.

NYSE:RIO opened at $45.97 on Friday. Rio Tinto plc ADR has a 12 month low of $45.25 and a 12 month high of $60.72. The company has a market capitalization of $61.43 billion, a PE ratio of 9.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.77.

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Rio Tinto Company Profile

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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

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