Stonegate Investment Group LLC Buys 1,352 Shares of Rio Tinto Group (NYSE:RIO)

Stonegate Investment Group LLC grew its stake in shares of Rio Tinto Group (NYSE:RIO) by 24.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,819 shares of the mining company’s stock after acquiring an additional 1,352 shares during the quarter. Stonegate Investment Group LLC’s holdings in Rio Tinto Group were worth $401,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC grew its stake in Rio Tinto Group by 81.2% during the fourth quarter. Perigon Wealth Management LLC now owns 10,832 shares of the mining company’s stock worth $648,000 after buying an additional 4,855 shares in the last quarter. Jeppson Wealth Management LLC increased its stake in Rio Tinto Group by 47.5% in the fourth quarter. Jeppson Wealth Management LLC now owns 20,093 shares of the mining company’s stock valued at $1,182,000 after acquiring an additional 6,473 shares during the last quarter. FSC Wealth Advisors LLC increased its stake in Rio Tinto Group by 150.0% in the fourth quarter. FSC Wealth Advisors LLC now owns 1,000 shares of the mining company’s stock valued at $59,000 after acquiring an additional 600 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in Rio Tinto Group by 2.0% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 10,191 shares of the mining company’s stock valued at $599,000 after purchasing an additional 200 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Rio Tinto Group in the 4th quarter valued at $1,140,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Price Performance

Shares of RIO stock opened at $59.84 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. The business’s 50-day moving average price is $61.01 and its 200-day moving average price is $63.28. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24.

Analyst Upgrades and Downgrades

RIO has been the subject of a number of research analyst reports. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. StockNews.com cut shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group reduced their price target on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Company Profile

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.