Leonteq Securities AG Invests $388,000 in Rio Tinto PLC $RIO

Leonteq Securities AG acquired a new position in Rio Tinto PLC (NYSE:RIO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,854 shares of the mining company’s stock, valued at approximately $388,000.

Other institutional investors have also made changes to their positions in the company. PFS Partners LLC bought a new stake in shares of Rio Tinto in the fourth quarter worth $28,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Rio Tinto in the fourth quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Rio Tinto in the fourth quarter worth $34,000. Root Financial Partners LLC bought a new stake in shares of Rio Tinto in the third quarter worth $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Rio Tinto in the fourth quarter worth $37,000. Institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

RIO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Citigroup restated a “neutral” rating on shares of Rio Tinto in a report on Monday, April 13th. Argus set a $120.00 target price on shares of Rio Tinto in a report on Monday, April 27th. Zacks Research downgraded shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barclays downgraded shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Price Performance

Shares of RIO opened at $104.24 on Friday. 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 $97.13 and its 200 day simple moving average is $88.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44.

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.