SPX Gestao de Recursos Ltda Sells 419,765 Shares of Rio Tinto PLC $RIO

SPX Gestao de Recursos Ltda lowered its position in Rio Tinto PLC (NYSE:RIO) by 89.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,650 shares of the mining company’s stock after selling 419,765 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Rio Tinto were worth $4,539,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RIO. Crescent Grove Advisors LLC grew its stake in shares of Rio Tinto by 316.7% during the first quarter. Crescent Grove Advisors LLC now owns 23,866 shares of the mining company’s stock valued at $2,263,000 after buying an additional 18,139 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Rio Tinto by 2.9% during the 1st quarter. Jennison Associates LLC now owns 192,748 shares of the mining company’s stock worth $17,981,000 after acquiring an additional 5,479 shares during the last quarter. McAlvany Wealth Management LLC lifted its stake in shares of Rio Tinto by 5.4% during the 1st quarter. McAlvany Wealth Management LLC now owns 8,558 shares of the mining company’s stock worth $760,000 after acquiring an additional 436 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Rio Tinto by 19.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 897 shares of the mining company’s stock valued at $84,000 after acquiring an additional 148 shares during the period. Finally, Euro Pacific Asset Management LLC grew its position in Rio Tinto by 3.0% in the 1st quarter. Euro Pacific Asset Management LLC now owns 49,203 shares of the mining company’s stock valued at $4,590,000 after acquiring an additional 1,415 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RIO. Argus set a $120.00 target price on Rio Tinto in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a research note on Friday, May 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. Zacks Research lowered Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Bank of America cut Rio Tinto from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Rio Tinto currently has a consensus rating of “Hold” and an average price target of $101.75.

Rio Tinto Price Performance

NYSE RIO opened at $90.17 on Friday. The firm’s fifty day simple moving average is $100.20 and its two-hundred day simple moving average is $95.40. 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 PLC has a 12-month low of $58.40 and a 12-month high of $112.58.

Rio Tinto News Summary

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.