Rio Tinto Group (NYSE:RIO) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its position in shares of Rio Tinto Group (NYSE:RIO) by 47.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,792 shares of the mining company’s stock after buying an additional 578 shares during the period. Allworth Financial LP’s holdings in Rio Tinto Group were worth $110,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after buying an additional 195 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Rio Tinto Group in the fourth quarter valued at approximately $47,000. HHM Wealth Advisors LLC acquired a new position in shares of Rio Tinto Group in the fourth quarter valued at approximately $50,000. Hara Capital LLC acquired a new position in shares of Rio Tinto Group in the third quarter valued at approximately $53,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Rio Tinto Group by 49.1% in the third quarter. Nisa Investment Advisors LLC now owns 820 shares of the mining company’s stock valued at $58,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on RIO. Jefferies Financial Group dropped their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Rio Tinto Group presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Group Trading Down 1.3 %

Shares of RIO stock opened at $63.43 on Monday. The business’s fifty day moving average price is $60.61 and its 200 day moving average price is $62.94. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24. The firm has a market capitalization of $79.47 billion, a PE ratio of 9.83, a P/E/G ratio of 0.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.16.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.