Rio Tinto PLC $RIO Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC raised its position in Rio Tinto PLC (NYSE:RIO) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,748 shares of the mining company’s stock after acquiring an additional 8,243 shares during the quarter. NewEdge Wealth LLC’s holdings in Rio Tinto were worth $3,821,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. PFS Partners LLC acquired a new stake in Rio Tinto in the fourth quarter valued at approximately $28,000. Nvest Wealth Strategies Inc. acquired a new stake in Rio Tinto in the fourth quarter valued at approximately $28,000. Trust Co. of Toledo NA OH acquired a new stake in Rio Tinto in the fourth quarter valued at approximately $34,000. Root Financial Partners LLC acquired a new stake in Rio Tinto in the third quarter valued at approximately $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Rio Tinto in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RIO. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a research report on Monday, April 13th. Zacks Research downgraded shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. DZ Bank downgraded shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Morgan Stanley downgraded shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. downgraded shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.75.

Trending Headlines about Rio Tinto

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

• Positive Sentiment: Rio Tinto signed a 30-year power purchase agreement with Yindjibarndi Energy for the Jinbi Solar Project in Australia, locking in long-term renewable electricity supply for its Pilbara operations and reinforcing its decarbonization strategy. Article Title
• Positive Sentiment: Yindjibarndi Energy said the Jinbi Solar Project has reached financial close and will move into construction, which adds credibility to the project and highlights Rio Tinto’s role in enabling new low-carbon power infrastructure. Article Title
• Positive Sentiment: Rio Tinto is reportedly in talks to increase its stake in the Los Azules copper project in Argentina, potentially strengthening its exposure to copper, a metal critical for electrification and AI/data-center demand. Article Title
• Neutral Sentiment: Rio Tinto extended its partnership with the Clontarf Foundation to support Indigenous education, a reputationally positive move but unlikely to materially affect near-term earnings. Article Title
• Negative Sentiment: Rio Tinto was accused of drying a sacred Aboriginal waterhole, a headline that could add ESG and community-relations overhang even if the financial impact is unclear. Article Title

Rio Tinto Stock Performance

Rio Tinto stock opened at $107.82 on Tuesday. The company has a fifty day moving average price of $95.07 and a two-hundred day moving average price of $86.26. 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 $55.64 and a 12 month high of $108.43.

Rio Tinto Announces Dividend

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

Rio Tinto Company 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.