CIBC World Markets Inc. increased its position in Rio Tinto PLC (NYSE:RIO) by 81.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,335 shares of the mining company’s stock after purchasing an additional 12,681 shares during the quarter. CIBC World Markets Inc.’s holdings in Rio Tinto PLC were worth $1,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of Rio Tinto PLC by 4.0% in the 2nd quarter. Private Advisor Group LLC now owns 12,500 shares of the mining company’s stock valued at $552,000 after purchasing an additional 480 shares during the period. LSV Asset Management bought a new stake in shares of Rio Tinto PLC in the 2nd quarter valued at about $5,496,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Rio Tinto PLC by 50.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,594 shares of the mining company’s stock valued at $2,479,000 after purchasing an additional 19,690 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Rio Tinto PLC by 2.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 54,280 shares of the mining company’s stock valued at $2,297,000 after purchasing an additional 1,249 shares during the period. Finally, Todd Asset Management LLC raised its holdings in shares of Rio Tinto PLC by 2.7% in the 2nd quarter. Todd Asset Management LLC now owns 1,120,708 shares of the mining company’s stock valued at $47,417,000 after purchasing an additional 29,807 shares during the period. 6.88% of the stock is currently owned by institutional investors.

Rio Tinto PLC (NYSE:RIO) opened at 47.63 on Friday. Rio Tinto PLC has a one year low of $30.69 and a one year high of $49.89. The company has a market capitalization of $85.40 billion, a PE ratio of 13.89 and a beta of 0.98. The stock’s 50 day moving average is $47.15 and its 200 day moving average is $42.64.

The business also recently announced a None dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, August 11th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 9th.

RIO has been the topic of a number of research analyst reports. ValuEngine raised shares of Rio Tinto PLC from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Jefferies Group LLC set a $52.00 target price on shares of Rio Tinto PLC and gave the company a “buy” rating in a report on Friday, August 18th. Axiom Securities reaffirmed a “sell” rating on shares of Rio Tinto PLC in a report on Thursday, July 13th. BidaskClub cut shares of Rio Tinto PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Clarkson Capital reaffirmed a “buy” rating on shares of Rio Tinto PLC in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.50.

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About Rio Tinto PLC

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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Institutional Ownership by Quarter for Rio Tinto PLC (NYSE:RIO)

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