Advisory Resource Group Purchases 667 Shares of Rio Tinto Group (NYSE:RIO)

Advisory Resource Group increased its stake in Rio Tinto Group (NYSE:RIO) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,479 shares of the mining company’s stock after buying an additional 667 shares during the quarter. Advisory Resource Group’s holdings in Rio Tinto Group were worth $1,028,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RIO. Winch Advisory Services LLC bought a new position in Rio Tinto Group during the third quarter worth about $26,000. FSC Wealth Advisors LLC bought a new position in Rio Tinto Group in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Rio Tinto Group by 63.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after buying an additional 195 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Rio Tinto Group by 70.9% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after acquiring an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Rio Tinto Group during the third quarter worth $38,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Price Performance

RIO opened at $61.96 on Friday. 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 stock has a 50-day moving average price of $60.72 and a 200-day moving average price of $63.00. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Jefferies Financial Group decreased their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com cut shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 25th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.