5,476 Shares in Rio Tinto PLC $RIO Purchased by SG Trading Solutions LLC

SG Trading Solutions LLC purchased a new stake in Rio Tinto PLC (NYSE:RIO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,476 shares of the mining company’s stock, valued at approximately $438,000.

Other large investors also recently made changes to their positions in the company. PFS Partners LLC bought a new stake in shares of Rio Tinto in the 4th quarter worth approximately $28,000. Nvest Wealth Strategies Inc. bought a new stake in Rio Tinto during the fourth quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in Rio Tinto during the fourth quarter worth approximately $34,000. Evelyn Partners Investment Management LLP acquired a new position in Rio Tinto in the fourth quarter worth approximately $34,000. Finally, Glen Eagle Advisors LLC grew its position in Rio Tinto by 32.2% in the fourth quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock worth $36,000 after buying an additional 110 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

RIO has been the subject of several research reports. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. JPMorgan Chase & Co. downgraded Rio Tinto from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Zacks Research lowered Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada cut Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Trading Up 0.1%

Shares of RIO stock opened at $100.22 on Friday. Rio Tinto PLC has a 1-year low of $55.64 and a 1-year high of $112.58. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $102.95 and its 200-day simple moving average is $93.10.

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.