Ted Buchan & Co Acquires Shares of 17,614 Rio Tinto Group (NYSE:RIO)

Ted Buchan & Co acquired a new stake in Rio Tinto Group (NYSE:RIO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,614 shares of the mining company’s stock, valued at approximately $1,161,000.

Other large investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new position in shares of Rio Tinto Group during the 2nd quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Rio Tinto Group during the 1st quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its stake in shares of Rio Tinto Group by 55.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock valued at $26,000 after buying an additional 148 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Rio Tinto Group during the 1st quarter valued at approximately $29,000. Finally, LifeSteps Financial Inc. purchased a new position in shares of Rio Tinto Group during the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RIO. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. Hsbc Global Res upgraded Rio Tinto Group to a “strong-buy” rating in a research note on Tuesday, July 23rd. HSBC upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Berenberg Bank cut Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Finally, Royal Bank of Canada upgraded Rio Tinto Group to a “hold” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Rio Tinto Group has an average rating of “Moderate Buy”.

Rio Tinto Group Price Performance

Shares of NYSE RIO opened at $71.17 on Tuesday. Rio Tinto Group has a 1-year low of $59.35 and a 1-year high of $75.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. The business’s fifty day moving average price is $63.52 and its two-hundred day moving average price is $65.93. The firm has a market capitalization of $89.14 billion, a PE ratio of 10.18, a P/E/G ratio of 0.39 and a beta of 0.66.

Rio Tinto Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, August 16th were issued a dividend of $1.77 per share. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend was Friday, August 16th. Rio Tinto Group’s dividend payout ratio (DPR) is 50.50%.

About Rio Tinto Group

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.