Dynamic Technology Lab Private Ltd Has $337,000 Holdings in Rio Tinto PLC $RIO

Dynamic Technology Lab Private Ltd decreased its stake in shares of Rio Tinto PLC (NYSE:RIOFree 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.

View Our Latest Report on RIO

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:

Rio Tinto Company Profile

(Free Report)

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

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