Thurston Springer Miller Herd & Titak Inc. Buys 195 Shares of Rio Tinto Group (NYSE:RIO)

Thurston Springer Miller Herd & Titak Inc. raised its stake in Rio Tinto Group (NYSE:RIO) by 63.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 500 shares of the mining company’s stock after purchasing an additional 195 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Rio Tinto Group were worth $29,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RIO. Winch Advisory Services LLC purchased a new position in shares of Rio Tinto Group during the third quarter valued at approximately $26,000. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group during the third quarter valued at approximately $28,000. Sound Income Strategies LLC increased its stake in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after buying an additional 173 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Rio Tinto Group during the third quarter valued at approximately $38,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of Rio Tinto Group during the third quarter valued at approximately $50,000. Institutional investors own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RIO shares. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Financial Group reduced their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Rio Tinto Group currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Rio Tinto Group Price Performance

NYSE RIO opened at $61.00 on Friday. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The stock’s fifty day moving average price is $60.98 and its 200-day moving average price is $63.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 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.