Cantor Fitzgerald L. P. bought a new position in shares of Rio Tinto PLC (NYSE:RIO – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,162 shares of the mining company’s stock, valued at approximately $7,272,000.
Other large investors have also recently modified their holdings of the company. Capital Advisors Inc. OK raised its stake in Rio Tinto by 20.6% during the third quarter. Capital Advisors Inc. OK now owns 520,428 shares of the mining company’s stock worth $34,353,000 after acquiring an additional 89,069 shares in the last quarter. QSM Asset Management Ltd bought a new position in shares of Rio Tinto in the third quarter worth about $11,509,000. Campbell & CO Investment Adviser LLC boosted its stake in shares of Rio Tinto by 479.6% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 144,553 shares of the mining company’s stock valued at $9,542,000 after purchasing an additional 119,614 shares in the last quarter. Synergy Asset Management LLC boosted its stake in shares of Rio Tinto by 272.2% in the 3rd quarter. Synergy Asset Management LLC now owns 205,418 shares of the mining company’s stock valued at $12,712,000 after purchasing an additional 150,234 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Rio Tinto during the 3rd quarter valued at approximately $1,416,000. Institutional investors and hedge funds own 19.33% of the company’s stock.
Analyst Upgrades and Downgrades
RIO has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Rio Tinto in a research report on Thursday, January 22nd. Citigroup raised shares of Rio Tinto to a “hold” rating in a research note on Tuesday, February 10th. DZ Bank downgraded shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Zacks Research upgraded Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, Sanford C. Bernstein cut their price objective on Rio Tinto from $83.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $81.00.
Rio Tinto Stock Performance
Rio Tinto stock opened at $87.83 on Friday. Rio Tinto PLC has a 52-week low of $51.67 and a 52-week high of $101.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. The firm has a 50 day moving average price of $92.23 and a two-hundred day moving average price of $77.73.
Rio Tinto Announces Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, April 16th. Stockholders of record on Friday, March 6th will be given a dividend of $2.54 per share. The ex-dividend date is Friday, March 6th. This represents a dividend yield of 564.0%.
Rio Tinto News Roundup
Here are the key news stories impacting Rio Tinto this week:
- Positive Sentiment: Partnership to supply low‑carbon aluminum for data centers with Prysmian/ELYSIS supports premium product positioning and decarbonization credentials, which can help demand and pricing for Rio’s higher‑margin low‑carbon aluminum. Rio Tinto, Prysmian partner on low-carbon aluminum solutions for data centers
- Positive Sentiment: Memorandum of Understanding with CATL on battery recycling and zero‑carbon mining advances Rio’s circular battery strategy and long‑term access to battery value chains — a strategic growth/ESG positive. Rio Tinto CATL Deal Highlights Push Into Circular Battery And Mining Model
- Positive Sentiment: Rio and Chinalco cleared a regulatory hurdle in a Brazil aluminum deal, reducing execution risk on that transaction and supporting Rio’s aluminum footprint. Rio Tinto, Chinalco clear hurdle in Brazil aluminum deal
- Positive Sentiment: Rio raised its Q2 Japan aluminum offer to the highest premium since 2015, signaling strong near‑term aluminum pricing and potential immediate revenue upside. Rio Tinto raises Q2 Japan aluminum offer to highest premium since 2015
- Neutral Sentiment: Australian suppliers secured $385m EFA support for the Rincón project — improves project finance optics but execution and timing remain uncertain. Australian suppliers tap Rio Tinto’s Rincón project with $385m EFA support
- Neutral Sentiment: Progress at the Smart Creek JV and other exploration advances keep optional upside from new discoveries, but these are longer‑dated and speculative for near‑term earnings. Domestic Metals Advances Rio Tinto JV Smart Creek Project, Eyes Major Discovery
- Negative Sentiment: Rio is slowing and delaying construction of its Quebec lithium processing plant as costs have surged — this raises capital intensity, delays expected lithium supply/revenue and increases short‑term execution risk. Rio Tinto slows pace of construction on Quebec lithium processing plant
- Negative Sentiment: A fatal contractor incident at the Kennecott (Bingham Canyon) copper mine prompted an operational suspension while investigations proceed — immediate production disruption, regulatory scrutiny and worker‑safety concerns are driving downside sentiment. Fatal incident at Rio Tinto Kennecott
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.
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