SteelPeak Wealth LLC Sells 6,595 Shares of Rio Tinto PLC $RIO

SteelPeak Wealth LLC cut its stake in shares of Rio Tinto PLC (NYSE:RIO) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,195 shares of the mining company’s stock after selling 6,595 shares during the quarter. SteelPeak Wealth LLC’s holdings in Rio Tinto were worth $18,322,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independent Financial Group LLC bought a new stake in Rio Tinto during the first quarter worth about $780,000. Westover Capital Advisors LLC raised its stake in shares of Rio Tinto by 221.9% in the first quarter. Westover Capital Advisors LLC now owns 10,300 shares of the mining company’s stock valued at $961,000 after acquiring an additional 7,100 shares during the last quarter. Marks Group Wealth Management Inc boosted its holdings in shares of Rio Tinto by 298.4% in the 1st quarter. Marks Group Wealth Management Inc now owns 14,558 shares of the mining company’s stock worth $1,358,000 after acquiring an additional 10,904 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Rio Tinto by 1.5% in the 1st 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. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Rio Tinto by 12.8% in the 1st 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. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Stock Performance

Shares of Rio Tinto stock opened at $90.64 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.98 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. The business’s 50 day moving average is $100.50 and its 200-day moving average is $95.44.

More Rio Tinto News

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

• Positive Sentiment: Rio Tinto reported an 18% sequential increase in Q2 Pilbara iron ore shipments, and first-half Pilbara production was the highest since 2018, a sign that its core iron ore business is running well and supporting revenue. Rio Tinto Reports 18% Sequential Increase in Q2 Iron Ore Shipments
• Positive Sentiment: The company said copper unit costs fell sharply and it kept full-year guidance unchanged, which suggests better operational efficiency even as the commodity backdrop remains mixed. Rio Tinto cuts copper unit costs nearly in half for 2026
• Positive Sentiment: Rio Tinto also increased first-half copper-equivalent production by 3%, reinforcing the view that growth across the portfolio is continuing. Rio Tinto releases second quarter 2026 production results
• Neutral Sentiment: Rio Tinto and Mongolia reached an agreement related to the Oyu Tolgoi project loan terms, which may help support the long-term copper project but is not an immediate earnings driver. Mongolia Copper and Gold Project Progress Asserts Rio Tinto PLC ADR (RIO) as a Top Dividend Stock to Invest In
• Negative Sentiment: Some reports noted mixed Q2 output and rising costs tied to geopolitical tensions, suggesting investors may be focused on margin pressure outside iron ore. Mideast tensions push up Rio Tinto’s costs
• Negative Sentiment: One market report also highlighted that Rio Tinto lowered copper cost guidance, which can be read as a cautionary sign that the company is still working through cost challenges in that segment. Rio Tinto iron ore shipments rise; copper cost guidance lowered

Analyst Ratings Changes

A number of research firms recently weighed in on RIO. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. Argus set a $120.00 price objective on Rio Tinto in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Rio Tinto in a research note on Friday, May 15th. Morgan Stanley cut Rio Tinto from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein raised their target price on Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Rio Tinto presently has an average rating of “Hold” and an average target price 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.