Sanctuary Advisors LLC Raises Position in Rio Tinto PLC $RIO

Sanctuary Advisors LLC raised its position in Rio Tinto PLC (NYSE:RIOFree Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 126,914 shares of the mining company’s stock after buying an additional 14,436 shares during the period. Sanctuary Advisors LLC’s holdings in Rio Tinto were worth $11,840,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Rio Tinto by 170.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock valued at $311,023,000 after acquiring an additional 2,451,140 shares during the last quarter. Milford Funds Ltd. acquired a new position in shares of Rio Tinto during the 4th quarter valued at about $93,143,000. Deutsche Bank AG boosted its holdings in Rio Tinto by 102.6% in the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock valued at $177,421,000 after purchasing an additional 1,122,667 shares during the last quarter. Natixis Advisors LLC grew its position in Rio Tinto by 144.7% in the fourth quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock worth $127,039,000 after acquiring an additional 938,687 shares during the period. Finally, Bank of America Corp DE increased its stake in Rio Tinto by 31.9% during the third quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company’s stock worth $208,430,000 after acquiring an additional 763,786 shares during the last quarter. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have commented on RIO. Royal Bank Of Canada downgraded Rio Tinto from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein increased their price target on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a report on Monday, April 27th. Bank of America lowered shares of Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Argus set a $120.00 target price on shares of Rio Tinto in a research report on Monday, April 27th. Finally, DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.75.

Read Our Latest Report on Rio Tinto

Rio Tinto Trading Down 3.2%

Shares of NYSE RIO opened at $90.64 on Friday. 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 business’s 50 day moving average is $100.50 and its two-hundred day moving average is $95.44. Rio Tinto PLC has a 52-week low of $58.40 and a 52-week high of $112.58.

Rio Tinto Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rio Tinto (NYSE:RIO)

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