Milford Funds Ltd. Invests $93.14 Million in Rio Tinto PLC $RIO

Milford Funds Ltd. bought a new position in Rio Tinto PLC (NYSE:RIO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,163,854 shares of the mining company’s stock, valued at approximately $93,143,000. Rio Tinto makes up approximately 1.8% of Milford Funds Ltd.’s portfolio, making the stock its 21st largest holding.

Several other institutional investors have also recently made changes to their positions in RIO. PFS Partners LLC bought a new position in shares of Rio Tinto in the 4th quarter worth about $28,000. Nvest Wealth Strategies Inc. purchased a new stake in Rio Tinto in the fourth quarter worth about $28,000. Trust Co. of Toledo NA OH purchased a new stake in Rio Tinto in the fourth quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Rio Tinto during the fourth quarter valued at approximately $37,000. Finally, Triumph Capital Management bought a new position in shares of Rio Tinto during the third quarter valued at approximately $38,000. Institutional investors own 19.33% of the company’s stock.

Rio Tinto News Summary

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

• Positive Sentiment: Erste Group Bank raised its earnings forecasts for Rio Tinto, increasing FY2026 EPS to $8.42 from $8.04 and FY2027 EPS to $8.47 from $8.31, which suggests analysts see stronger profitability ahead.
• Positive Sentiment: Rio Tinto and China Baowu completed Pilbara Blend iron ore pelletisation and direct reduction trials, a development that could support future demand for higher-value iron ore products and improve the company’s positioning with steel customers.
• Positive Sentiment: Rio Tinto’s collaboration with Sandvik to integrate autonomous drilling systems highlights continued investment in automation, which may improve productivity and lower operating costs over time. Article Title
• Neutral Sentiment: Coverage discussing Rio Tinto’s momentum trends and passive-income appeal may be helping keep investor interest elevated, but it does not appear to be a direct fundamental catalyst.
• Neutral Sentiment: Reports that Rio Tinto Shipping is selling half of its owned bulkers could be part of portfolio optimization, but the financial impact is unclear from the headline alone. Article Title
• Negative Sentiment: There is also a recent market note saying Rio Tinto slipped and underperformed the broader market earlier in the week, suggesting some short-term profit-taking or weaker trading sentiment. Article Title

Rio Tinto Price Performance

Shares of RIO opened at $105.30 on Friday. The business’s fifty day simple moving average is $102.17 and its two-hundred day simple moving average is $92.01. 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 12 month low of $55.64 and a 12 month high of $112.58.

Analyst Ratings Changes

RIO has been the topic of a number of analyst reports. Zacks Research cut Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a research report on Tuesday, May 26th. Argus set a $120.00 price objective on Rio Tinto in a research report on Monday, April 27th. Sanford C. Bernstein raised their price objective on Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered Rio Tinto from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.75.

About Rio Tinto

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.