Soltis Investment Advisors LLC grew its holdings in Rio Tinto PLC (NYSE:RIO – Free Report) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,959 shares of the mining company’s stock after acquiring an additional 7,532 shares during the period. Soltis Investment Advisors LLC’s holdings in Rio Tinto were worth $10,355,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Timbuktu Capital Management LLC bought a new stake in Rio Tinto during the 2nd quarter valued at approximately $28,000. Center for Financial Planning Inc. bought a new position in Rio Tinto in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in Rio Tinto in the 1st quarter worth approximately $35,000. Lodestone Wealth Management LLC boosted its stake in Rio Tinto by 92.8% in the 3rd quarter. Lodestone Wealth Management LLC now owns 374 shares of the mining company’s stock worth $35,000 after purchasing an additional 180 shares during the period. Finally, Costello Asset Management INC purchased a new stake in Rio Tinto during the 1st quarter valued at approximately $37,000. Institutional investors own 19.33% of the company’s stock.
Rio Tinto Price Performance
Shares of Rio Tinto stock opened at $83.30 on Friday. The stock has a 50 day moving average of $95.79 and a 200 day moving average of $96.25. Rio Tinto PLC has a 12 month low of $67.74 and a 12 month high of $112.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.42 and a quick ratio of 0.93.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on RIO shares. Barclays reiterated a “neutral” rating on shares of Rio Tinto in a research report on Tuesday, July 7th. Argus raised shares of Rio Tinto to a “strong-buy” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Rio Tinto in a research report on Thursday, July 30th. Royal Bank Of Canada raised shares of Rio Tinto from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, October 6th. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of Rio Tinto in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.62.
Check Out Our Latest Research Report on Rio Tinto
Trending Headlines about Rio Tinto
Here are the key news stories impacting Rio Tinto this week:
- Positive Sentiment: Rio Tinto officially opened its Fénix 1B expansion and Sal de Vida lithium operation in Argentina after investing approximately $1.4 billion. Both projects began production ahead of schedule in the second quarter and are ramping up, expanding Rio Tinto’s exposure to the lithium market. Rio Tinto celebrates opening of $1.4 billion lithium projects in Argentina
- Positive Sentiment: The company is also investing in its Weipa bauxite operations in Australia, supporting longer-term production capacity and the durability of its aluminum supply chain. Rio Tinto invests in bauxite production centre
- Neutral Sentiment: Rio Tinto is assessing additional lithium processing in Argentina and potential copper opportunities, which could create future growth but remain subject to investment decisions, permitting and execution. Rio Tinto assesses new lithium plant in Argentina, copper opportunities
- Negative Sentiment: Operations at the Oyu Tolgoi underground copper mine were paused after a seismic event. The duration of the stoppage and any damage or restart costs are unclear, creating near-term production and cash-flow risk. Rio Tinto confirms Oyu Tolgoi operations paused after seismic event
- Negative Sentiment: Erste Group lowered its FY2026 and FY2027 EPS forecasts to $8.03 and $8.16, respectively, while maintaining a Hold rating, signaling weaker expected earnings momentum. Rio Tinto earnings estimate revisions
- Negative Sentiment: A proposed 56% increase in CEO Simon Trott’s target compensation may weigh on sentiment amid shareholder concerns over executive pay. Rio Tinto and BHP also lost an initial legal challenge in a sexual-harassment class action, adding reputational and potential liability risks. Rio Tinto proposes 56% pay bump for CEO
Rio Tinto Company Profile
Rio Tinto plc is a diversified mining and metals company with operations and projects spanning multiple continents. Its principal products include iron ore, aluminum, copper, lithium, borates and titanium dioxide, which are supplied to customers in the steel, construction, automotive, technology and manufacturing industries.
The company explores for, mines, processes and transports mineral resources, while also operating related infrastructure such as railways, ports, smelters and processing facilities.
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