Rio Tinto PLC (NYSE:RIO) was the recipient of unusually large options trading activity on Friday. Investors acquired 14,475 put options on the company. This is an increase of 853% compared to the typical volume of 1,519 put options.

Large investors have recently added to or reduced their stakes in the company. Knowledge Leaders Capital LLC lifted its holdings in shares of Rio Tinto PLC by 126.0% during the 2nd quarter. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company’s stock worth $101,000 after acquiring an additional 1,334 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of Rio Tinto PLC by 13.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock worth $110,000 after acquiring an additional 299 shares during the period. Quantbot Technologies LP bought a new position in shares of Rio Tinto PLC during the 1st quarter worth about $111,000. Hudock Capital Group LLC lifted its holdings in shares of Rio Tinto PLC by 125.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,795 shares of the mining company’s stock worth $118,000 after acquiring an additional 1,555 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Rio Tinto PLC by 212.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company’s stock worth $135,000 after acquiring an additional 2,166 shares during the period. 6.87% of the stock is owned by institutional investors.

A number of analysts recently weighed in on RIO shares. Bank of America Corporation raised shares of Rio Tinto PLC from an “underperform” rating to a “buy” rating in a research report on Friday, June 30th. Axiom Securities reaffirmed a “sell” rating on shares of Rio Tinto PLC in a research report on Tuesday, July 25th. ValuEngine cut shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of Rio Tinto PLC from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $45.00 price target (down from $47.00) on shares of Rio Tinto PLC in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Rio Tinto PLC presently has an average rating of “Buy” and a consensus target price of $50.50.

Shares of Rio Tinto PLC (RIO) opened at 49.08 on Monday. Rio Tinto PLC has a 1-year low of $31.24 and a 1-year high of $49.89. The company’s 50-day moving average is $47.94 and its 200 day moving average is $43.33. The firm has a market cap of $88.00 billion, a price-to-earnings ratio of 14.31 and a beta of 0.96.

The firm also recently disclosed a None dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, August 11th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, August 9th.

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About Rio Tinto PLC

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.

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