Capital International Investors Buys New Shares in Rio Tinto PLC $RIO

Capital International Investors bought a new stake in Rio Tinto PLC (NYSE:RIO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 493,419 shares of the mining company’s stock, valued at approximately $39,730,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PFS Partners LLC acquired a new position in Rio Tinto in the fourth quarter valued at $28,000. Nvest Wealth Strategies Inc. acquired a new position in Rio Tinto in the fourth quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Rio Tinto during the fourth quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Rio Tinto during the fourth quarter valued at about $37,000. Finally, Triumph Capital Management acquired a new position in shares of Rio Tinto during the third quarter valued at about $38,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Price Performance

NYSE:RIO opened at $101.44 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. The firm has a 50-day moving average of $101.54 and a 200-day moving average of $91.46. Rio Tinto PLC has a one year low of $55.64 and a one year high of $112.58.

Key Headlines Impacting Rio Tinto

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

• Positive Sentiment: Rio Tinto’s Simandou project is showing early progress, which could be an important long-term growth driver if the massive iron ore development continues to advance. Rio Tinto: Simandou’s First Pulse
• Positive Sentiment: The company boosted annual community investment in Canada by 30% to C$13 million, reinforcing its social license to operate and supporting relationships around key assets. Rio Tinto Canada Fund boosts community investment to C$13 million
• Positive Sentiment: Copper prices have been broadly supported by supply-demand tightness and tariff speculation, which is helping sentiment toward diversified miners like Rio Tinto. Copper Price Rally Fades As Trump Tariff Bets Lose Steam; Mining Stocks Waver
• Neutral Sentiment: A court decision cleared Rio Tinto’s compulsory acquisition of Energy Resources of Australia, removing legal uncertainty, but the direct financial impact appears limited. Court clears Rio Tinto’s compulsory acquisition of Energy Resources of Australia
• Neutral Sentiment: Goldman Sachs maintained a hold rating on Rio Tinto, which signals a cautious near-term view despite the recent positive catalysts. Goldman Sachs Keeps Their Hold Rating on Rio Tinto (RIO)
• Negative Sentiment: One article noted Rio Tinto shares had slipped from recent highs, reflecting some profit-taking and a less enthusiastic short-term setup. Rio Tinto shares slump 7.5% from an all-time high: Buy, sell or hold?

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays lowered shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 24th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a report on Tuesday, May 26th. Sanford C. Bernstein upped their price objective on shares of Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a report on Monday, April 27th. JPMorgan Chase & Co. lowered shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a report on Monday, March 9th. Finally, Zacks Research lowered shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.75.

Rio Tinto Profile

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.