Dynamic Technology Lab Private Ltd decreased its stake in shares of Rio Tinto PLC (NYSE:RIO – Free Report) by 52.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,100 shares of the mining company’s stock after selling 5,531 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Rio Tinto were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in Rio Tinto during the first quarter worth $84,000. AQR Capital Management LLC raised its holdings in shares of Rio Tinto by 78.4% during the first quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company’s stock valued at $726,000 after purchasing an additional 5,310 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rio Tinto by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company’s stock valued at $690,000 after purchasing an additional 1,968 shares during the period. Empowered Funds LLC boosted its position in shares of 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 purchasing an additional 288 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Rio Tinto by 16.7% in the 1st 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 during the period. Institutional investors own 19.33% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. Weiss Ratings raised Rio Tinto from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Erste Group Bank raised Rio Tinto from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Argus boosted their price objective on Rio Tinto from $70.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. lowered Rio Tinto from an “overweight” rating to a “neutral” rating in a research report on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Rio Tinto in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.00.
Rio Tinto Trading Up 0.5%
RIO opened at $92.16 on Thursday. Rio Tinto PLC has a fifty-two week low of $51.67 and a fifty-two week high of $101.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. The company’s 50-day moving average is $91.88 and its 200 day moving average is $77.35.
Rio Tinto Announces Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, April 16th. Stockholders of record on Friday, March 6th will be paid a $2.54 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a dividend yield of 564.0%.
Key Stories Impacting Rio Tinto
Here are the key news stories impacting Rio Tinto this week:
- Positive Sentiment: Rio secured a roughly $1.175bn financing package for its Rincon lithium project in Argentina, supporting development of the ~$2.5bn project targeting ~60,000 tpa battery‑grade lithium carbonate — a clear funding and execution milestone that de‑risks Rio’s lithium growth profile. Rio Tinto secures $1.175 billion financing package for Rincon lithium project in Argentina
- Positive Sentiment: Rio said it raised its Q2 Japan aluminum offer to the highest premium since 2015 — signaling tighter aluminum markets/pricing that could boost revenue and margins for Rio’s aluminum segment. Rio Tinto raises Q2 Japan aluminum offer to highest premium since 2015
- Positive Sentiment: Analyst commentary and coverage highlight that RIO has surged ~65% over six months on rising copper output, first production at Johnson Camp and major lithium & iron‑ore projects — reinforcing momentum expectations for growth. Should You Buy Rio Tinto Stock After a 64.9% Rally in 6 Months?
- Neutral Sentiment: Partner Domestic Metals reports advancement of a Rio Tinto JV Smart Creek exploration project and is “eyeing a major discovery” — an early‑stage upside catalyst but speculative until drill results confirm commercial resources. Domestic Metals Advances Rio Tinto JV Smart Creek Project, Eyes Major Discovery
- Negative Sentiment: Mongolian authorities are pressing to renegotiate commercial terms for the giant Oyu Tolgoi copper mine and Rio says it is in active negotiations — heightening political and contract risk for one of Rio’s flagship copper assets. Rio Tinto in ‘Active Negotiations’ With Mongolia Over Oyu Tolgoi Copper Mine
- Negative Sentiment: Major broker actions: J.P. Morgan downgraded Rio to a Hold and Sanford C. Bernstein cut its price target to $77 — analyst moves that can pressure near‑term sentiment and cap upside. Rio Tinto (RIO) was downgraded to a Hold Rating at J.P. Morgan
- Negative Sentiment: UBS warns that Chinese port iron‑ore inventories are near multi‑year highs, risking a supply overhang that could weaken iron‑ore prices — a key price driver for Rio’s iron‑ore earnings. Rio Tinto and BHP face iron ore inventory warning as prices recover from Chinese New Year lows
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.
Featured Articles
- Five stocks we like better than Rio Tinto
- The gold chart Wall Street is terrified of…
- I tried out Elon Musk’s new AI tech — it floored me
- “I just bought 10,000 shares of a $5 stock…”
- The Next Commodity Crunch (bigger than oil?)
- Is Trump Done? Shocking leak…
Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto PLC (NYSE:RIO – Free Report).
Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.
