D.A. Davidson & CO. Cuts Stock Holdings in Rio Tinto PLC $RIO

D.A. Davidson & CO. trimmed its position in Rio Tinto PLC (NYSE:RIO) by 8.1% during the first quarter, Holdings Channel.com reports. The firm owned 114,094 shares of the mining company’s stock after selling 10,088 shares during the period. D.A. Davidson & CO.’s holdings in Rio Tinto were worth $10,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Shrier Wealth Management LLC acquired a new stake in Rio Tinto in the fourth quarter valued at $1,280,000. QSM Asset Management Ltd increased its position in Rio Tinto by 32.1% during the fourth quarter. QSM Asset Management Ltd now owns 230,700 shares of the mining company’s stock worth $18,463,000 after buying an additional 56,000 shares in the last quarter. Oak Harvest Investment Services purchased a new position in Rio Tinto in the 4th quarter valued at about $15,210,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Rio Tinto during the 4th quarter worth $955,000. Finally, MH & Associates Securities Management Corp ADV acquired a new stake in shares of Rio Tinto in the fourth quarter worth approximately $3,687,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RIO. DZ Bank raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Royal Bank Of Canada lowered Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. Morgan Stanley cut shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 8th. Argus set a $120.00 target price on shares of Rio Tinto in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rio Tinto in a research note on Wednesday, May 20th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Rio Tinto presently has a consensus rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Stock Down 0.5%

Shares of NYSE:RIO opened at $90.17 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a 1 year low of $58.40 and a 1 year high of $112.58. The business has a fifty day simple moving average of $100.20 and a 200 day simple moving average of $95.40.

Key Headlines Impacting Rio Tinto

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

• Positive Sentiment: Rio Tinto reported record iron ore shipments, with Pilbara operations delivering an 18% sequential increase in Q2 shipments and first-half output reaching its highest level since 2018. That kind of production strength is usually supportive for earnings and sentiment. Rio Tinto (LSE:RIO) Delivers Record Iron Ore Shipments And Cuts 2026 Copper Costs
• Positive Sentiment: The company also lowered 2026 copper cost guidance after productivity improvements, which may boost margins if those efficiencies hold. Rio said strong performance at Oyu Tolgoi helped offset a temporary Kennecott shutdown. Rio Tinto (LSE:RIO) Delivers Record Iron Ore Shipments And Cuts 2026 Copper Costs
• Neutral Sentiment: Rio Tinto is being mentioned as a potential buyer of a stake in First Quantum’s Argentina Taca Taca project, but this is only a preliminary M&A possibility and not yet a confirmed transaction. First Quantum considers sale of stake in Argentina’s Taca Taca project
• Neutral Sentiment: Analyst commentary remains mixed, with some coverage calling Rio Tinto’s second quarter solid but suggesting limited upside from here, which may temper enthusiasm despite the operational beat. Rio Tinto: Solid Q2, But Limited Upside Supports A Neutral View
• Negative Sentiment: Bradda Head Lithium raised capital to fund drilling tied to its Rio Tinto joint venture, which is a reminder that Rio-linked project activity continues but does not directly add near-term value to Rio Tinto shares. Bradda Head raises £2.12 million to fund Rio Tinto joint venture drilling

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.