O Shaughnessy Asset Management LLC Buys 51,327 Shares of Rio Tinto PLC $RIO

O Shaughnessy Asset Management LLC raised its stake in shares of Rio Tinto PLC (NYSE:RIO) by 45.3% during the 4th quarter, Holdings Channel reports. The fund owned 164,527 shares of the mining company’s stock after purchasing an additional 51,327 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Rio Tinto were worth $13,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Quarterback LLC boosted its position in Rio Tinto by 1.8% during the 4th quarter. Wealth Quarterback LLC now owns 6,532 shares of the mining company’s stock valued at $523,000 after acquiring an additional 118 shares in the last quarter. Americana Partners LLC boosted its position in Rio Tinto by 0.8% during the 4th quarter. Americana Partners LLC now owns 16,108 shares of the mining company’s stock valued at $1,289,000 after acquiring an additional 120 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Rio Tinto by 19.1% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 772 shares of the mining company’s stock valued at $62,000 after acquiring an additional 124 shares in the last quarter. Bailard Inc. boosted its position in Rio Tinto by 1.1% during the 4th quarter. Bailard Inc. now owns 12,306 shares of the mining company’s stock valued at $985,000 after acquiring an additional 128 shares in the last quarter. Finally, IVC Wealth Advisors LLC boosted its position in Rio Tinto by 1.2% during the 4th quarter. IVC Wealth Advisors LLC now owns 10,963 shares of the mining company’s stock valued at $877,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto News Roundup

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Rio Tinto’s Simandou project is showing early progress, which could be an important long-term growth driver if the massive iron ore development continues to advance. Rio Tinto: Simandou’s First Pulse
• Positive Sentiment: The company boosted annual community investment in Canada by 30% to C$13 million, reinforcing its social license to operate and supporting relationships around key assets. Rio Tinto Canada Fund boosts community investment to C$13 million
• Positive Sentiment: Copper prices have been broadly supported by supply-demand tightness and tariff speculation, which is helping sentiment toward diversified miners like Rio Tinto. Copper Price Rally Fades As Trump Tariff Bets Lose Steam; Mining Stocks Waver
• Neutral Sentiment: A court decision cleared Rio Tinto’s compulsory acquisition of Energy Resources of Australia, removing legal uncertainty, but the direct financial impact appears limited. Court clears Rio Tinto’s compulsory acquisition of Energy Resources of Australia
• Neutral Sentiment: Goldman Sachs maintained a hold rating on Rio Tinto, which signals a cautious near-term view despite the recent positive catalysts. Goldman Sachs Keeps Their Hold Rating on Rio Tinto (RIO)
• Negative Sentiment: One article noted Rio Tinto shares had slipped from recent highs, reflecting some profit-taking and a less enthusiastic short-term setup. Rio Tinto shares slump 7.5% from an all-time high: Buy, sell or hold?

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DZ Bank raised Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Barclays lowered Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 24th. Sanford C. Bernstein raised their target price on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a research note on Friday, May 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rio Tinto in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rio Tinto currently has a consensus rating of “Hold” and an average price target of $101.75.

Rio Tinto Trading Up 0.5%

NYSE RIO opened at $101.44 on Wednesday. The stock has a 50-day simple moving average of $101.54 and a two-hundred day simple moving average of $91.46. Rio Tinto PLC has a fifty-two week low of $55.64 and a fifty-two week high of $112.58. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33.

About Rio Tinto

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.