WNY Asset Management LLC Takes Position in Rio Tinto PLC $RIO

WNY Asset Management LLC acquired a new stake in Rio Tinto PLC (NYSE:RIO) during the first quarter, Holdings Channel.com reports. The firm acquired 7,932 shares of the mining company’s stock, valued at approximately $740,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glen Eagle Advisors LLC boosted its position in Rio Tinto by 32.2% during the fourth quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock worth $36,000 after purchasing an additional 110 shares during the period. Americana Partners LLC grew its holdings in Rio Tinto by 0.8% during the fourth quarter. Americana Partners LLC now owns 16,108 shares of the mining company’s stock valued at $1,289,000 after purchasing 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 fourth 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 period. Bailard Inc. raised its position in shares of Rio Tinto by 1.1% in the fourth 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 period. Finally, American Capital Advisory LLC lifted its stake in shares of Rio Tinto by 1.0% in the fourth quarter. American Capital Advisory LLC now owns 13,492 shares of the mining company’s stock worth $1,080,000 after buying an additional 132 shares during the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Stock Performance

RIO opened at $96.71 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $97.54 and its two-hundred day moving average price is $96.14. Rio Tinto PLC has a fifty-two week low of $58.40 and a fifty-two week high of $112.58.

Rio Tinto Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be issued a dividend of $2.11 per share. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend is Friday, August 14th.

Wall Street Analyst Weigh In

RIO has been the subject of several recent analyst reports. Bank of America downgraded shares of Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Royal Bank Of Canada downgraded shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. Weiss Ratings raised shares of Rio Tinto from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Citigroup restated a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $105.50.

Trending Headlines about Rio Tinto

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

• Positive Sentiment: Berenberg upgraded Rio Tinto to Buy from Hold and raised its price target to $113 from $107, implying additional upside from recent trading levels. Berenberg Upgrades Rio Tinto to Buy From Hold, Raises Price Target to $113 From $107
• Positive Sentiment: Goldman Sachs also upgraded Rio Tinto to Buy, citing progress in the company’s simplification strategy. The second bullish rating from a major bank may improve sentiment toward the shares. The Goldman Sachs Group Upgrades Rio Tinto to Buy
• Positive Sentiment: Rio Tinto reported strong first-half 2026 results, including $31.0 billion in sales and $6.7 billion in net income. Separate analysis highlighted a 75% increase in free cash flow to $3.8 billion, 43% growth in underlying earnings to $6.9 billion and a $3.4 billion dividend payout. Rio Tinto posts highest H1 earnings in four years on higher commodity prices, production
• Positive Sentiment: The company declared a dividend of $2.11 per share, payable September 24 to shareholders of record August 14. The payout supports Rio Tinto’s income appeal, though investors should account for the approaching ex-dividend date.
• Neutral Sentiment: Rio Tinto’s valuation remains a focus after its strong share-price performance. Analysts described the stock as trading at roughly 11 times forward earnings, below the mining-sector average, while noting that its year-to-date and one-year returns have already been substantial. Where Does Rio Tinto Group Valuation Sit After Half Year 2026 Earnings?
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast to $8.34 from $8.45 and its FY2027 forecast to $8.27 from $8.37. Although the estimates remain near consensus, the reductions could limit near-term enthusiasm. Erste Group lowers Rio Tinto earnings estimates

About Rio Tinto

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.