40,194 Shares in Rio Tinto PLC $RIO Bought by Impala Asset Management LLC

Impala Asset Management LLC bought a new position in shares of Rio Tinto PLC (NYSE:RIO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 40,194 shares of the mining company’s stock, valued at approximately $3,217,000. Rio Tinto makes up about 2.0% of Impala Asset Management LLC’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caprock Group LLC purchased a new position in shares of Rio Tinto in the 3rd quarter valued at about $1,416,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Rio Tinto by 21.6% in the 3rd 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 acquiring an additional 199,962 shares during the last quarter. Shrier Wealth Management LLC purchased a new position in shares of Rio Tinto in the 4th quarter valued at about $1,280,000. Fisher Asset Management LLC increased its holdings in shares of Rio Tinto by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company’s stock valued at $1,262,122,000 after acquiring an additional 557,234 shares during the last quarter. Finally, Commons Capital LLC purchased a new position in shares of Rio Tinto in the 3rd quarter valued at about $1,980,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Rio Tinto

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

• Positive Sentiment: Erste Group Bank raised its earnings forecasts for Rio Tinto, increasing FY2026 EPS to $8.42 from $8.04 and FY2027 EPS to $8.47 from $8.31, which suggests analysts see stronger profitability ahead.
• Positive Sentiment: Rio Tinto and China Baowu completed Pilbara Blend iron ore pelletisation and direct reduction trials, a development that could support future demand for higher-value iron ore products and improve the company’s positioning with steel customers.
• Positive Sentiment: Rio Tinto’s collaboration with Sandvik to integrate autonomous drilling systems highlights continued investment in automation, which may improve productivity and lower operating costs over time. Article Title
• Neutral Sentiment: Coverage discussing Rio Tinto’s momentum trends and passive-income appeal may be helping keep investor interest elevated, but it does not appear to be a direct fundamental catalyst.
• Neutral Sentiment: Reports that Rio Tinto Shipping is selling half of its owned bulkers could be part of portfolio optimization, but the financial impact is unclear from the headline alone. Article Title
• Negative Sentiment: There is also a recent market note saying Rio Tinto slipped and underperformed the broader market earlier in the week, suggesting some short-term profit-taking or weaker trading sentiment. Article Title

Rio Tinto Price Performance

Shares of NYSE RIO opened at $105.30 on Friday. The business has a 50-day moving average price of $102.17 and a 200 day moving average price of $92.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. Rio Tinto PLC has a 52-week low of $55.64 and a 52-week high of $112.58.

Analysts Set New Price Targets

RIO has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price objective on Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a report on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a report on Tuesday, May 26th. Royal Bank Of Canada downgraded Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. downgraded Rio Tinto from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Finally, Barclays downgraded Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.75.

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.