Rio Tinto Group (NYSE:RIO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Rio Tinto Group (NYSE:RIO) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

A number of analysts have commented on the company. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Winch Advisory Services LLC acquired a new stake in shares of Rio Tinto Group during the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. acquired a new stake in Rio Tinto Group during the second quarter valued at $26,000. FSC Wealth Advisors LLC purchased a new position in Rio Tinto Group in the third quarter valued at $28,000. Sound Income Strategies LLC raised its position in shares of Rio Tinto Group by 70.9% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after acquiring an additional 173 shares during the period. Finally, Centerpoint Advisors LLC boosted its stake in shares of Rio Tinto Group by 110.0% during the 2nd quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock worth $35,000 after acquiring an additional 275 shares in the last quarter. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Group Stock Down 0.2 %

NYSE:RIO opened at $58.64 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 12 month low of $58.34 and a 12 month high of $75.09. The firm has a fifty day simple moving average of $63.55 and a 200-day simple moving average of $64.63.

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.