LFG Wealth Partners LLC Cuts Stock Holdings in Rio Tinto PLC $RIO

LFG Wealth Partners LLC reduced its stake in Rio Tinto PLC (NYSE:RIO) by 38.7% during the first quarter, HoldingsChannel.com reports. The fund owned 18,837 shares of the mining company’s stock after selling 11,894 shares during the quarter. LFG Wealth Partners LLC’s holdings in Rio Tinto were worth $1,757,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RIO. Cubist Systematic Strategies LLC bought a new stake in shares of Rio Tinto in the first quarter worth about $84,000. AQR Capital Management LLC boosted its stake in Rio Tinto by 78.4% during the first quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company’s stock valued at $726,000 after buying an additional 5,310 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Rio Tinto by 20.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company’s stock valued at $690,000 after buying an additional 1,968 shares in the last quarter. Empowered Funds LLC grew its holdings in Rio Tinto by 5.8% during the 1st quarter. Empowered Funds LLC now owns 5,280 shares of the mining company’s stock valued at $317,000 after buying an additional 288 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Rio Tinto by 16.7% in the 1st quarter. Focus Partners Wealth now owns 15,985 shares of the mining company’s stock worth $962,000 after acquiring an additional 2,285 shares during the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RIO. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. The Goldman Sachs Group upgraded shares of Rio Tinto from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley downgraded shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $105.50.

Rio Tinto Stock Down 0.1%

Shares of RIO stock opened at $96.71 on Monday. Rio Tinto PLC has a 1 year low of $58.40 and a 1 year high of $112.58. The stock’s 50 day simple moving average is $97.54 and its two-hundred day simple moving average is $96.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.93 and a current ratio of 1.42.

Rio Tinto Announces Dividend

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

Key Stories Impacting 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

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.