DAVENPORT & Co LLC Grows Stock Holdings in Rio Tinto PLC $RIO

DAVENPORT & Co LLC increased its position in Rio Tinto PLC (NYSE:RIO) by 25.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,054 shares of the mining company’s stock after buying an additional 8,981 shares during the quarter. DAVENPORT & Co LLC’s holdings in Rio Tinto were worth $3,526,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of RIO. Capital Advisors Inc. OK lifted its holdings in Rio Tinto by 20.6% in the 3rd quarter. Capital Advisors Inc. OK now owns 520,428 shares of the mining company’s stock worth $34,353,000 after purchasing an additional 89,069 shares in the last quarter. QSM Asset Management Ltd purchased a new stake in Rio Tinto during the 3rd quarter valued at approximately $11,509,000. Campbell & CO Investment Adviser LLC raised its position in shares of Rio Tinto by 479.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 144,553 shares of the mining company’s stock valued at $9,542,000 after buying an additional 119,614 shares during the last quarter. Synergy Asset Management LLC raised its position in shares of Rio Tinto by 272.2% during the third quarter. Synergy Asset Management LLC now owns 205,418 shares of the mining company’s stock valued at $12,712,000 after buying an additional 150,234 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Rio Tinto in the third quarter worth $1,416,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RIO shares. Sanford C. Bernstein dropped their target price on shares of Rio Tinto from $83.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, March 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Rio Tinto in a report on Thursday, January 22nd. JPMorgan Chase & Co. cut shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. Morgan Stanley downgraded shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 28th. Finally, Erste Group Bank upgraded Rio Tinto from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.00.

Trending Headlines about Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Record Australian supplier spend (A$19.7bn) signals strong operating scale, local partnerships and support for ongoing projects and community social licence — a positive for long‑term operations and project delivery. Rio Tinto boosts 2025 Australian supplier spend to record A$19.7 billion
• Positive Sentiment: Rio formally exits diamonds with closure of the Diavik mine after 23 years — freeing capital and management attention to focus on iron ore, copper, aluminium and lithium where margins and strategic demand (EVs, infrastructure) are stronger. Rio Tinto’s Diavik diamond mine reaches end of production after 23 years
• Positive Sentiment: Resolution (Arizona) copper project targeting a mid‑2030s start is reiterated — reinforces Rio’s long‑term copper exposure (projected >18Mt life production) important for battery/EV supply chains. Rio Tinto targets mid-2030s for Arizona copper mine opening
• Positive Sentiment: Rio’s subsidiary Nuton has strategic ties with Lion Copper & Gold advancing U.S. copper supply — supportive of Rio’s positioning in North American copper value chains. Video – CEO Clips: Lion Copper & Gold Advances U.S. Copper Supply from Nevada
• Positive Sentiment: Sale of Quebec titanium assets to SAGA Metals signals portfolio simplification and monetisation of non‑core assets — can free capital or reduce exploration overheads. SAGA Metals acquires titanium property from Rio Tinto
• Neutral Sentiment: Rio published $9.9bn of taxes and royalties paid in 2025 — transparency is good for governance, but the scale is a reminder of cash outflows that will affect free cash flow allocation. Rio Tinto releases details of $9.9 billion of taxes and royalties paid in 2025
• Neutral Sentiment: Competitor BHP reports a 2% rise in iron‑ore output and record WAIO volumes — may add near‑term pricing/volume pressure in the seaborne iron‑ore market, a factor investors will watch for Rio’s iron‑ore margins. BHP Iron Ore Output Up 2% in 1H26: Can Expansion Drive Future Gains?
• Negative Sentiment: Local infrastructure disruption: Rio is repairing a pipe that will close Bangerter Highway in West Jordan over a weekend — a minor operational/PR disruption and reminder of local operational risks. Bangerter Highway to close in West Jordan over weekend as Rio Tinto repairs pipe
• Negative Sentiment: Critical coverage on the diamond exit highlights asset write‑downs and reputational scrutiny tied to closures — could pressure short‑term sentiment around legacy asset impairments. Diamonds Turn To Dust In Canada For Rio Tinto

Rio Tinto Stock Up 1.0%

Shares of NYSE:RIO opened at $86.65 on Friday. The firm’s 50-day moving average is $92.74 and its 200 day moving average is $79.29. Rio Tinto PLC has a 12 month low of $51.67 and a 12 month high of $101.53. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33.

Rio Tinto Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, April 16th. Shareholders of record on Friday, March 6th will be given a $2.54 dividend. This represents a yield of 564.0%. The ex-dividend date of this dividend is Friday, March 6th.

About Rio Tinto

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.