Several other hedge funds and other institutional investors also recently bought and sold shares of RIO. Castle Wealth Management LLC acquired a new position in Rio Tinto Group in the 2nd quarter worth approximately $26,000. Cowa LLC acquired a new position in Rio Tinto Group in the 1st quarter worth approximately $26,000. Tortoise Investment Management LLC acquired a new position in Rio Tinto Group in the 2nd quarter worth approximately $27,000. Twin Lakes Capital Management LLC purchased a new stake in Rio Tinto Group in the 3rd quarter worth approximately $28,000. Finally, Larson Financial Group LLC purchased a new stake in Rio Tinto Group in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 10.43% of the company’s stock.
Rio Tinto Group Stock Performance
Shares of RIO stock opened at $79.61 on Monday. The stock’s fifty day moving average is $72.09 and its two-hundred day moving average is $62.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.79. Rio Tinto Group has a fifty-two week low of $50.92 and a fifty-two week high of $84.69.
Analysts Set New Price Targets
Several research firms have commented on RIO. Morgan Stanley upped their price objective on Rio Tinto Group from GBX 5,750 ($71.19) to GBX 5,790 ($71.69) in a research report on Monday, January 23rd. CLSA lowered Rio Tinto Group from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 17th. JPMorgan Chase & Co. upped their price objective on Rio Tinto Group from GBX 5,310 ($65.74) to GBX 5,380 ($66.61) in a research report on Wednesday, January 18th. UBS Group lowered Rio Tinto Group from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 13th. Finally, Barclays upgraded Rio Tinto Group from an “underweight” rating to an “equal weight” rating in a research report on Thursday, January 12th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Rio Tinto Group currently has an average rating of “Hold” and a consensus target price of $4,360.00.
About Rio Tinto Group
(Get Rating)
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
Featured Stories
Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto Group (NYSE:RIO – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Rio Tinto Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rio Tinto Group wasn’t on the list.
While Rio Tinto Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
