D.A. Davidson & CO. Trims Holdings in Rio Tinto PLC $RIO

D.A. Davidson & CO. reduced its holdings in Rio Tinto PLC (NYSE:RIO) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,094 shares of the mining company’s stock after selling 10,088 shares during the quarter. D.A. Davidson & CO.’s holdings in Rio Tinto were worth $10,644,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Marks Group Wealth Management Inc boosted its position in Rio Tinto by 298.4% during the 1st quarter. Marks Group Wealth Management Inc now owns 14,558 shares of the mining company’s stock valued at $1,358,000 after buying an additional 10,904 shares during the period. Bank of New York Mellon Corp boosted its stake in Rio Tinto by 1.5% during the first quarter. Bank of New York Mellon Corp now owns 137,651 shares of the mining company’s stock worth $12,841,000 after acquiring an additional 2,071 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Rio Tinto by 12.8% in the first quarter. Sanctuary Advisors LLC now owns 126,914 shares of the mining company’s stock worth $11,840,000 after acquiring an additional 14,436 shares in the last quarter. Sigma Planning Corp grew its position in Rio Tinto by 538.0% during the 1st quarter. Sigma Planning Corp now owns 16,831 shares of the mining company’s stock valued at $1,570,000 after purchasing an additional 14,193 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in Rio Tinto by 2.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 10,187 shares of the mining company’s stock valued at $950,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

More Rio Tinto News

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

• Positive Sentiment: Rio Tinto reported record iron ore shipments, with Pilbara operations delivering an 18% sequential increase in Q2 shipments and first-half output reaching its highest level since 2018. That kind of production strength is usually supportive for earnings and sentiment. Rio Tinto (LSE:RIO) Delivers Record Iron Ore Shipments And Cuts 2026 Copper Costs
• Positive Sentiment: The company also lowered 2026 copper cost guidance after productivity improvements, which may boost margins if those efficiencies hold. Rio said strong performance at Oyu Tolgoi helped offset a temporary Kennecott shutdown. Rio Tinto (LSE:RIO) Delivers Record Iron Ore Shipments And Cuts 2026 Copper Costs
• Neutral Sentiment: Rio Tinto is being mentioned as a potential buyer of a stake in First Quantum’s Argentina Taca Taca project, but this is only a preliminary M&A possibility and not yet a confirmed transaction. First Quantum considers sale of stake in Argentina’s Taca Taca project
• Neutral Sentiment: Analyst commentary remains mixed, with some coverage calling Rio Tinto’s second quarter solid but suggesting limited upside from here, which may temper enthusiasm despite the operational beat. Rio Tinto: Solid Q2, But Limited Upside Supports A Neutral View
• Negative Sentiment: Bradda Head Lithium raised capital to fund drilling tied to its Rio Tinto joint venture, which is a reminder that Rio-linked project activity continues but does not directly add near-term value to Rio Tinto shares. Bradda Head raises £2.12 million to fund Rio Tinto joint venture drilling

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley lowered shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 8th. Argus set a $120.00 price target on shares of Rio Tinto in a report on Monday, April 27th. Zacks Research cut shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada downgraded shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. 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 assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Rio Tinto presently has a consensus rating of “Hold” and an average target price of $101.75.

Rio Tinto Stock Performance

Shares of NYSE RIO opened at $90.17 on Friday. The firm’s 50 day simple moving average is $100.20 and its 200-day simple moving average is $95.40. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a 12 month low of $58.40 and a 12 month high of $112.58.

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.