BNP Paribas Arbitrage SA lowered its holdings in Rio Tinto PLC (NYSE:RIO) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,359 shares of the mining company’s stock after selling 2,884 shares during the period. BNP Paribas Arbitrage SA’s holdings in Rio Tinto PLC were worth $1,411,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in shares of Rio Tinto PLC by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,055 shares of the mining company’s stock valued at $3,980,000 after acquiring an additional 2,637 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Rio Tinto PLC by 7.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 94,271 shares of the mining company’s stock valued at $3,989,000 after acquiring an additional 6,570 shares in the last quarter. Bourgeon Capital Management LLC raised its holdings in shares of Rio Tinto PLC by 0.4% in the 2nd quarter. Bourgeon Capital Management LLC now owns 71,925 shares of the mining company’s stock valued at $3,043,000 after acquiring an additional 300 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Rio Tinto PLC by 46.4% in the 2nd quarter. First Trust Advisors LP now owns 21,647 shares of the mining company’s stock valued at $916,000 after acquiring an additional 6,857 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Rio Tinto PLC by 9.8% in the 2nd quarter. IFP Advisors Inc now owns 4,255 shares of the mining company’s stock valued at $180,000 after acquiring an additional 381 shares in the last quarter. 6.88% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the company. Clarkson Capital reaffirmed a “buy” rating on shares of Rio Tinto PLC in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Rio Tinto PLC in a report on Monday, August 14th. ValuEngine cut Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Friday. Royal Bank Of Canada cut Rio Tinto PLC from a “top pick” rating to an “outperform” rating in a report on Tuesday, August 15th. Finally, Jefferies Group LLC set a $52.00 price target on Rio Tinto PLC and gave the company a “buy” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $43.00.

Rio Tinto PLC (NYSE RIO) opened at 49.53 on Tuesday. Rio Tinto PLC has a 52-week low of $29.62 and a 52-week high of $49.79. The company’s 50-day moving average price is $46.20 and its 200 day moving average price is $42.36. The company has a market capitalization of $88.80 billion, a price-to-earnings ratio of 14.44 and a beta of 0.98.

The business also recently disclosed a None dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, August 9th.

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Rio Tinto PLC Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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

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