Old Port Advisors Has $1.16 Million Stake in Rio Tinto Group (NYSE:RIO)

Old Port Advisors cut its stake in Rio Tinto Group (NYSE:RIO) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,739 shares of the mining company’s stock after selling 201 shares during the quarter. Old Port Advisors’ holdings in Rio Tinto Group were worth $1,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. SPX Gestao de Recursos Ltda raised its position in Rio Tinto Group by 1,773.2% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 426,922 shares of the mining company’s stock valued at $30,384,000 after buying an additional 404,131 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Rio Tinto Group by 22.2% in the 3rd quarter. DGS Capital Management LLC now owns 16,797 shares of the mining company’s stock worth $1,195,000 after acquiring an additional 3,057 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Rio Tinto Group by 16.2% in the third quarter. Tidal Investments LLC now owns 122,623 shares of the mining company’s stock valued at $8,727,000 after purchasing an additional 17,052 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Rio Tinto Group during the third quarter valued at about $218,000. Finally, World Investment Advisors LLC boosted its holdings in Rio Tinto Group by 5.9% during the third quarter. World Investment Advisors LLC now owns 4,802 shares of the mining company’s stock worth $342,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of NYSE:RIO traded up $0.23 during mid-day trading on Thursday, reaching $59.04. The company had a trading volume of 555,898 shares, compared to its average volume of 2,753,122. Rio Tinto Group has a one year low of $58.34 and a one year high of $74.24. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $62.49 and its 200-day moving average price is $64.15. The firm has a market cap of $73.97 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.38 and a beta of 0.65.

Analysts Set New Price Targets

Several equities analysts have commented on RIO shares. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Rio Tinto Group has an average rating of “Moderate Buy”.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.