Diversify Wealth Management LLC Purchases Shares of 6,628 Rio Tinto PLC $RIO

Diversify Wealth Management LLC purchased a new position in shares of Rio Tinto PLC (NYSE:RIO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,628 shares of the mining company’s stock, valued at approximately $640,000.

Several other large investors also recently modified their holdings of RIO. Shrier Wealth Management LLC bought a new stake in shares of Rio Tinto during the fourth quarter valued at approximately $1,280,000. QSM Asset Management Ltd lifted its holdings in shares of Rio Tinto by 32.1% in the 4th quarter. QSM Asset Management Ltd now owns 230,700 shares of the mining company’s stock worth $18,463,000 after purchasing an additional 56,000 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Rio Tinto by 16.7% in the 4th quarter. D.A. Davidson & CO. now owns 124,182 shares of the mining company’s stock worth $9,938,000 after purchasing an additional 17,786 shares in the last quarter. Oak Harvest Investment Services acquired a new stake in Rio Tinto in the 4th quarter valued at $15,210,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in Rio Tinto in the 4th quarter valued at $955,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Price Performance

RIO opened at $90.17 on Friday. Rio Tinto PLC has a 1 year low of $58.40 and a 1 year high of $112.58. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $100.20 and its two-hundred day moving average price is $95.40.

Wall Street Analysts Forecast Growth

RIO has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. Morgan Stanley cut shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 8th. Argus set a $120.00 target price on shares of Rio Tinto in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Finally, Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.75.

Rio Tinto News Summary

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

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.