Capital International Investors Makes New $39.73 Million Investment in Rio Tinto PLC $RIO

Capital International Investors bought a new position in shares of Rio Tinto PLC (NYSE:RIO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 493,419 shares of the mining company’s stock, valued at approximately $39,730,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PFS Partners LLC bought a new stake in shares of Rio Tinto during the fourth quarter worth $28,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Rio Tinto in the fourth quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Rio Tinto in the fourth quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Rio Tinto in the fourth quarter worth $37,000. Finally, Baillie Gifford & Co. grew its stake in shares of Rio Tinto by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 524 shares of the mining company’s stock worth $42,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RIO. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Barclays cut shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 24th. Sanford C. Bernstein boosted their price objective on shares of Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Argus set a $120.00 price objective on shares of Rio Tinto in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Rio Tinto in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Trading Up 0.5%

RIO stock opened at $101.44 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. Rio Tinto PLC has a 12-month low of $55.64 and a 12-month high of $112.58. The company’s fifty day simple moving average is $101.54 and its 200 day simple moving average is $91.46.

More Rio Tinto News

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

• Positive Sentiment: Rio Tinto’s Simandou project is showing early progress, which could be an important long-term growth driver if the massive iron ore development continues to advance. Rio Tinto: Simandou’s First Pulse
• Positive Sentiment: The company boosted annual community investment in Canada by 30% to C$13 million, reinforcing its social license to operate and supporting relationships around key assets. Rio Tinto Canada Fund boosts community investment to C$13 million
• Positive Sentiment: Copper prices have been broadly supported by supply-demand tightness and tariff speculation, which is helping sentiment toward diversified miners like Rio Tinto. Copper Price Rally Fades As Trump Tariff Bets Lose Steam; Mining Stocks Waver
• Neutral Sentiment: A court decision cleared Rio Tinto’s compulsory acquisition of Energy Resources of Australia, removing legal uncertainty, but the direct financial impact appears limited. Court clears Rio Tinto’s compulsory acquisition of Energy Resources of Australia
• Neutral Sentiment: Goldman Sachs maintained a hold rating on Rio Tinto, which signals a cautious near-term view despite the recent positive catalysts. Goldman Sachs Keeps Their Hold Rating on Rio Tinto (RIO)
• Negative Sentiment: One article noted Rio Tinto shares had slipped from recent highs, reflecting some profit-taking and a less enthusiastic short-term setup. Rio Tinto shares slump 7.5% from an all-time high: Buy, sell or hold?

Rio Tinto 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.