Rio Tinto PLC $RIO Shares Purchased by Tidal Investments LLC

Tidal Investments LLC grew its position in shares of Rio Tinto PLC (NYSE:RIO) by 17.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 115,936 shares of the mining company’s stock after buying an additional 17,597 shares during the quarter. Tidal Investments LLC’s holdings in Rio Tinto were worth $11,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Engineers Gate Manager LP bought a new stake in shares of Rio Tinto in the 2nd quarter valued at approximately $3,957,000. Cidel Asset Management Inc. lifted its stake in Rio Tinto by 101.1% during the second quarter. Cidel Asset Management Inc. now owns 241,718 shares of the mining company’s stock worth $22,946,000 after purchasing an additional 121,537 shares during the last quarter. NorthRock Partners LLC boosted its holdings in Rio Tinto by 19.1% in the second quarter. NorthRock Partners LLC now owns 2,624 shares of the mining company’s stock worth $249,000 after purchasing an additional 420 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Rio Tinto by 5.6% in the second quarter. Integrated Wealth Concepts LLC now owns 35,785 shares of the mining company’s stock worth $3,397,000 after purchasing an additional 1,901 shares during the period. Finally, IFP Advisors Inc increased its stake in Rio Tinto by 2.0% during the second quarter. IFP Advisors Inc now owns 15,267 shares of the mining company’s stock valued at $1,449,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Price Performance

Shares of NYSE RIO opened at $99.86 on Friday. Rio Tinto PLC has a 1-year low of $61.72 and a 1-year high of $112.58. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average price is $97.65 and its two-hundred day moving average price is $98.06.

Rio Tinto Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be given a dividend of $2.11 per share. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 441.0%.

Rio Tinto News Summary

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

• Positive Sentiment: Winu project advances: Rio Tinto and the Nyangumarta Warrarn Aboriginal Corporation signed a project agreement for the proposed Winu copper-gold mine in Western Australia. The agreement improves the project’s social and regulatory foundation and supports Rio’s longer-term copper growth pipeline. Nyangumarta Warrarn Aboriginal Corporation and Rio Tinto sign milestone agreement for Winu Project
• Positive Sentiment: Aurukun adds bauxite potential: Rio agreed to acquire the Aurukun Bauxite Project in Queensland from Glencore and Mitsubishi Development. The deal could expand Rio’s bauxite resource base and strengthen its aluminum supply position, although government approvals, undisclosed financial terms and development risks limit the immediate benefit. Aurukun Deal Gives Rio Tinto More Bauxite Upside, But Risks Remain
• Positive Sentiment: Exploration and technology optionality: Rio’s 40%-owned Smart Creek joint venture in Montana has started a fully funded 9,000-metre copper-focused drilling program, while its graphene-battery partnership with Graphene Manufacturing Group reported no performance loss after 489 rapid charge cycles. These developments provide longer-term growth options but are not yet material earnings drivers. Domestic Metals launches 9,000-metre drill program GMG Announces Long Life Battery Cycling Data
• Neutral Sentiment: Analyst estimates are mixed: Erste Group slightly raised its FY2026 EPS forecast to $8.33 but lowered its FY2027 estimate to $8.31 and maintained a Hold rating. The changes suggest limited near-term earnings momentum. Rio Tinto analyst estimates
• Negative Sentiment: Copper price retreat: Copper-mining shares weakened as copper pulled back from a record high. Rio’s exposure to copper means a sustained decline could pressure sentiment and future revenue expectations, despite the company’s diversified iron ore, aluminum and bauxite operations. U.S.-Listed Copper Mining Stocks Fall as Copper Retreats From Record High

Analyst Ratings Changes

A number of brokerages have weighed in on RIO. Royal Bank Of Canada cut shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Weiss Ratings upgraded shares of Rio Tinto from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Morgan Stanley began coverage on shares of Rio Tinto in a report on Monday, August 24th. They issued an “underweight” rating and a $90.00 target price on the stock. Finally, Bank of America cut shares of Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.12.

About Rio Tinto

Rio Tinto plc is a global mining and metals company with operations and projects spanning approximately 35 countries. Founded in 1873, the company operates through a dual-listed structure in the United Kingdom and Australia, with its American depositary receipts traded on the New York Stock Exchange under the symbol RIO.

The company explores, develops and produces a range of mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks and diamonds.