Westover Capital Advisors LLC Raises Position in Rio Tinto PLC $RIO

Westover Capital Advisors LLC grew its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 221.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,300 shares of the mining company’s stock after acquiring an additional 7,100 shares during the quarter. Westover Capital Advisors LLC’s holdings in Rio Tinto were worth $961,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its position in Rio Tinto by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 19,642,744 shares of the mining company’s stock worth $1,572,009,000 after acquiring an additional 522,576 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Rio Tinto by 170.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock worth $311,023,000 after buying an additional 2,451,140 shares during the period. Bank of America Corp DE increased its stake in shares of Rio Tinto by 31.9% during the third quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company’s stock valued at $208,430,000 after purchasing an additional 763,786 shares in the last quarter. Bank of Montreal Can raised its stake in Rio Tinto by 8.6% during the fourth quarter. Bank of Montreal Can now owns 2,221,469 shares of the mining company’s stock valued at $177,784,000 after buying an additional 175,833 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Rio Tinto by 102.6% in the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock worth $177,421,000 after purchasing an additional 1,122,667 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Key Rio Tinto News

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

• Positive Sentiment: Rio Tinto said Pilbara iron ore delivered its strongest first-half production since 2018, with second-quarter output and shipment volumes beating expectations, while the company reiterated full-year guidance across all major segments. Rio Tinto releases second quarter 2026 production results
• Positive Sentiment: The miner cut copper unit cost guidance nearly in half for 2026, which suggests better margins in its copper business and improved operational efficiency. Rio Tinto cuts copper unit costs nearly in half for 2026
• Positive Sentiment: Rio Tinto also reported higher iron ore sales in the second quarter and a 20% year-over-year increase in lithium production, adding another growth point for investors. Rio Tinto reports increase in iron ore sales in Q2 2026
• Neutral Sentiment: The company maintained 2026 guidance and said most major operating assets were broadly in line with consensus, reinforcing a stable near-term outlook rather than a major surprise. Rio Tinto reports mixed Q2 output, maintains 2026 guidance
• Negative Sentiment: Some reports noted that Mideast tensions are pushing up Rio Tinto’s costs, which could pressure margins if elevated expenses persist. Mideast tensions push up Rio Tinto’s costs

Wall Street Analysts Forecast Growth

RIO has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating on shares of Rio Tinto in a research report on Thursday, July 9th. Royal Bank Of Canada lowered Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a research note on Friday, May 15th. Argus set a $120.00 price target on Rio Tinto in a report on Monday, April 27th. Finally, Morgan Stanley cut Rio Tinto from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Trading Up 0.3%

Shares of NYSE:RIO opened at $93.60 on Thursday. Rio Tinto PLC has a 12 month low of $58.40 and a 12 month high of $112.58. The company has a 50-day moving average price of $100.75 and a 200 day moving average price of $95.38. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

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.