Vanguard Capital Wealth Advisors Purchases New Position in Rio Tinto PLC $RIO

Vanguard Capital Wealth Advisors acquired a new stake in Rio Tinto PLC (NYSE:RIO) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,932 shares of the mining company’s stock, valued at approximately $955,000. Rio Tinto makes up about 0.8% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 28th biggest position.

Several other institutional investors have also added to or reduced their stakes in RIO. Aberdeen Group plc increased its holdings in shares of Rio Tinto by 33.0% in the 4th quarter. Aberdeen Group plc now owns 403,747 shares of the mining company’s stock worth $32,312,000 after purchasing an additional 100,247 shares in the last quarter. IVC Wealth Advisors LLC lifted its holdings in shares of Rio Tinto by 1.2% during the fourth quarter. IVC Wealth Advisors LLC now owns 10,963 shares of the mining company’s stock valued at $877,000 after purchasing an additional 129 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of Rio Tinto during the fourth quarter valued at $449,000. Walker Asset Management LLC boosted its position in shares of Rio Tinto by 3.3% during the fourth quarter. Walker Asset Management LLC now owns 4,746 shares of the mining company’s stock valued at $380,000 after buying an additional 150 shares during the last quarter. Finally, Ellsworth Advisors LLC increased its holdings in Rio Tinto by 11.6% in the 4th quarter. Ellsworth Advisors LLC now owns 20,118 shares of the mining company’s stock worth $1,737,000 after buying an additional 2,085 shares in the last quarter. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Stock Performance

RIO stock opened at $94.46 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 $93.23 and its two-hundred day moving average is $80.14. Rio Tinto PLC has a fifty-two week low of $51.67 and a fifty-two week high of $101.53.

Rio Tinto Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, April 16th. Stockholders of record on Friday, March 6th will be paid a $2.54 dividend. This represents a dividend yield of 564.0%. The ex-dividend date is Friday, March 6th.

Analysts Set New Price Targets

RIO has been the topic of several research analyst reports. Argus upped their target price on shares of Rio Tinto from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Citigroup upgraded shares of Rio Tinto to a “hold” rating in a research note on Tuesday, February 10th. Morgan Stanley cut shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 28th. Erste Group Bank upgraded shares of Rio Tinto from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Rio Tinto in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $81.00.

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.