Engineers Gate Manager LP Buys New Stake in Rio Tinto PLC $RIO

Engineers Gate Manager LP purchased a new position in shares of Rio Tinto PLC (NYSE:RIO) in the second quarter, Holdings Channel.com reports. The firm purchased 41,680 shares of the mining company’s stock, valued at approximately $3,957,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its position in shares of Rio Tinto by 170.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock worth $311,023,000 after acquiring an additional 2,451,140 shares in the last quarter. Milford Funds Ltd. purchased a new position in shares of Rio Tinto in the 4th quarter valued at $93,143,000. Altshuler Shaham Ltd acquired a new stake in shares of Rio Tinto in the 1st quarter valued at about $106,724,000. Deutsche Bank AG grew its stake in Rio Tinto by 102.6% during the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock worth $177,421,000 after buying an additional 1,122,667 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in Rio Tinto by 144.7% during the 4th quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock worth $127,039,000 after buying an additional 938,687 shares during the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

More Rio Tinto News

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Winu project advances: Rio Tinto and the Nyangumarta Warrarn Aboriginal Corporation signed a project agreement for the proposed Winu copper-gold mine in Western Australia. The agreement improves the project’s social and regulatory foundation and supports Rio’s longer-term copper growth pipeline. Nyangumarta Warrarn Aboriginal Corporation and Rio Tinto sign milestone agreement for Winu Project
• Positive Sentiment: Aurukun adds bauxite potential: Rio agreed to acquire the Aurukun Bauxite Project in Queensland from Glencore and Mitsubishi Development. The deal could expand Rio’s bauxite resource base and strengthen its aluminum supply position, although government approvals, undisclosed financial terms and development risks limit the immediate benefit. Aurukun Deal Gives Rio Tinto More Bauxite Upside, But Risks Remain
• Positive Sentiment: Exploration and technology optionality: Rio’s 40%-owned Smart Creek joint venture in Montana has started a fully funded 9,000-metre copper-focused drilling program, while its graphene-battery partnership with Graphene Manufacturing Group reported no performance loss after 489 rapid charge cycles. These developments provide longer-term growth options but are not yet material earnings drivers. Domestic Metals launches 9,000-metre drill program GMG Announces Long Life Battery Cycling Data
• Neutral Sentiment: Analyst estimates are mixed: Erste Group slightly raised its FY2026 EPS forecast to $8.33 but lowered its FY2027 estimate to $8.31 and maintained a Hold rating. The changes suggest limited near-term earnings momentum. Rio Tinto analyst estimates
• Negative Sentiment: Copper price retreat: Copper-mining shares weakened as copper pulled back from a record high. Rio’s exposure to copper means a sustained decline could pressure sentiment and future revenue expectations, despite the company’s diversified iron ore, aluminum and bauxite operations. U.S.-Listed Copper Mining Stocks Fall as Copper Retreats From Record High

Wall Street Analyst Weigh In

RIO has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their target price on shares of Rio Tinto from $88.50 to $89.50 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings upgraded shares of Rio Tinto from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Argus raised shares of Rio Tinto to a “strong-buy” rating in a report on Thursday, August 20th. Royal Bank Of Canada lowered Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. Finally, Berenberg Bank set a $113.00 price objective on Rio Tinto in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.12.

Rio Tinto Trading Up 0.5%

Shares of NYSE:RIO opened at $99.86 on Friday. Rio Tinto PLC has a fifty-two week low of $61.72 and a fifty-two week high of $112.58. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $97.65 and its 200-day simple moving average is $98.06.

Rio Tinto Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be paid a dividend of $2.11 per share. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend is Friday, August 14th.

About Rio Tinto

Rio Tinto plc is a global mining and metals company with operations and projects spanning approximately 35 countries. Founded in 1873, the company operates through a dual-listed structure in the United Kingdom and Australia, with its American depositary receipts traded on the New York Stock Exchange under the symbol RIO.

The company explores, develops and produces a range of mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks and diamonds.