Natixis Advisors LLC Has $127.04 Million Stock Position in Rio Tinto PLC $RIO

Natixis Advisors LLC boosted its stake in shares of Rio Tinto PLC (NYSE:RIO) by 144.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,587,387 shares of the mining company’s stock after buying an additional 938,687 shares during the period. Natixis Advisors LLC owned approximately 0.13% of Rio Tinto worth $127,039,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RIO. Caprock Group LLC acquired a new stake in shares of Rio Tinto in the third quarter valued at approximately $1,416,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Rio Tinto by 21.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,126,445 shares of the mining company’s stock valued at $74,357,000 after purchasing an additional 199,962 shares during the last quarter. Shrier Wealth Management LLC acquired a new stake in shares of Rio Tinto in the fourth quarter valued at approximately $1,280,000. Fisher Asset Management LLC raised its holdings in shares of Rio Tinto by 3.0% in the third quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company’s stock valued at $1,262,122,000 after purchasing an additional 557,234 shares during the last quarter. Finally, Commons Capital LLC acquired a new stake in shares of Rio Tinto in the third quarter valued at approximately $1,980,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on RIO. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Barclays downgraded shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. Sanford C. Bernstein boosted their target price on shares of Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a report on Monday, April 27th. Finally, Bank of America downgraded shares of Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.75.

More Rio Tinto News

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

• Positive Sentiment: Rio Tinto and Sandvik announced a partnership to advance autonomous open-pit drilling, a move that could improve efficiency, lower costs, and support long-term mining productivity. Sandvik, Rio Tinto partner to advance autonomous open-pit drilling
• Positive Sentiment: The company commissioned a $1.5 billion low-carbon aluminium smelter expansion in Québec, reinforcing growth in its aluminium business and supporting its decarbonization strategy. Rio Tinto commissions low-carbon aluminium smelter expansion in Québec
• Positive Sentiment: Rio Tinto’s aluminum exports to the U.S. reportedly rebounded to pre-tariff levels, which could indicate improving trade flows and healthier demand for the company’s aluminum shipments. Rio Tinto’s aluminum exports to U.S. rebound to pretariff levels
• Positive Sentiment: Mining stocks broadly rose as copper prices strengthened and gold steadied, helping lift Rio Tinto along with the broader sector. FTSE 100 Live: Stocks inch higher as miners rise, BAT and Chemring fall
• Neutral Sentiment: Rio Tinto was noted as outperforming the market in Tuesday trading, reflecting relative strength rather than a new company-specific catalyst. Rio Tinto rises Tuesday, outperforms market
• Neutral Sentiment: Rio Tinto also faced a Madagascar rare earths lawsuit, which adds legal risk but does not yet appear to be the main driver of trading today. Rio Tinto faces Madagascar rare earths lawsuit

Rio Tinto Price Performance

Shares of RIO opened at $111.77 on Wednesday. Rio Tinto PLC has a 1-year low of $55.64 and a 1-year high of $112.58. The company’s fifty day simple moving average is $99.29 and its 200 day simple moving average is $90.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44.

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.