Westover Capital Advisors LLC Purchases 7,100 Shares of Rio Tinto PLC $RIO

Westover Capital Advisors LLC increased its position in shares of Rio Tinto PLC (NYSE:RIO) by 221.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,300 shares of the mining company’s stock after acquiring an additional 7,100 shares during the quarter. Westover Capital Advisors LLC’s holdings in Rio Tinto were worth $961,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RIO. Glen Eagle Advisors LLC boosted its position in shares of Rio Tinto by 32.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock worth $36,000 after purchasing an additional 110 shares in the last quarter. Wealth Quarterback LLC boosted its holdings in Rio Tinto by 1.8% in the fourth quarter. Wealth Quarterback LLC now owns 6,532 shares of the mining company’s stock worth $523,000 after acquiring an additional 118 shares in the last quarter. Americana Partners LLC grew its stake in shares of Rio Tinto by 0.8% during the fourth quarter. Americana Partners LLC now owns 16,108 shares of the mining company’s stock worth $1,289,000 after acquiring an additional 120 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Rio Tinto by 19.1% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 772 shares of the mining company’s stock valued at $62,000 after purchasing an additional 124 shares during the last quarter. Finally, Bailard Inc. raised its position in shares of Rio Tinto by 1.1% in the 4th quarter. Bailard Inc. now owns 12,306 shares of the mining company’s stock valued at $985,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Trading Up 0.3%

Shares of Rio Tinto stock opened at $93.60 on Thursday. Rio Tinto PLC has a fifty-two week low of $58.40 and a fifty-two week high of $112.58. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a 50-day simple moving average of $100.75 and a two-hundred day simple moving average of $95.38.

Analyst Ratings Changes

Several research firms have weighed in on RIO. Argus set a $120.00 target price on shares of Rio Tinto in a research report on Monday, April 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. Sanford C. Bernstein lifted their price target on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada downgraded Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.75.

Rio Tinto News Roundup

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

• Positive Sentiment: Rio Tinto said Pilbara iron ore delivered its strongest first-half production since 2018, with second-quarter output and shipment volumes beating expectations, while the company reiterated full-year guidance across all major segments. Rio Tinto releases second quarter 2026 production results
• Positive Sentiment: The miner cut copper unit cost guidance nearly in half for 2026, which suggests better margins in its copper business and improved operational efficiency. Rio Tinto cuts copper unit costs nearly in half for 2026
• Positive Sentiment: Rio Tinto also reported higher iron ore sales in the second quarter and a 20% year-over-year increase in lithium production, adding another growth point for investors. Rio Tinto reports increase in iron ore sales in Q2 2026
• Neutral Sentiment: The company maintained 2026 guidance and said most major operating assets were broadly in line with consensus, reinforcing a stable near-term outlook rather than a major surprise. Rio Tinto reports mixed Q2 output, maintains 2026 guidance
• Negative Sentiment: Some reports noted that Mideast tensions are pushing up Rio Tinto’s costs, which could pressure margins if elevated expenses persist. Mideast tensions push up Rio Tinto’s costs

Rio Tinto Company 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.