Rio Tinto PLC $RIO Shares Newly Acquired by Sacks & Associates LLC

Sacks & Associates LLC bought a new position in shares of Rio Tinto PLC (NYSE:RIO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,448 shares of the mining company’s stock, valued at approximately $1,078,000.

Other large investors have also made changes to their positions in the company. Riversedge Advisors LLC lifted its position in Rio Tinto by 11.7% during the third quarter. Riversedge Advisors LLC now owns 3,482 shares of the mining company’s stock worth $328,000 after buying an additional 366 shares in the last quarter. Wedmont Private Capital grew its holdings in Rio Tinto by 52.6% in the 3rd quarter. Wedmont Private Capital now owns 3,510 shares of the mining company’s stock valued at $328,000 after buying an additional 1,210 shares in the last quarter. Diversified Management Inc. acquired a new stake in shares of Rio Tinto in the 3rd quarter worth $729,000. GAMMA Investing LLC increased its stake in shares of Rio Tinto by 8.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,957 shares of the mining company’s stock worth $561,000 after acquiring an additional 480 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Rio Tinto by 24.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 22,441 shares of the mining company’s stock worth $2,113,000 after acquiring an additional 4,362 shares during the period. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto News Summary

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

• Positive Sentiment: Improving copper outlook supports miners. Deutsche Bank raised its price targets for several UK-listed mining companies, citing stronger copper fundamentals and the possibility of a supply squeeze in coming quarters. The outlook is potentially supportive for Rio Tinto because copper is a key growth commodity for the company. Deutsche Bank raises targets on UK miners as copper squeeze looms
• Positive Sentiment: Technology partnerships add potential long-term upside. Rio Tinto’s battery-technology partner, Graphene Manufacturing Group, reported a 48% improvement in energy density, doubled cycle life and 94% energy efficiency for fast-charging graphene cells. The development could strengthen Rio Tinto’s exposure to battery-material technologies, although it is not yet a major earnings driver. GMG Announces 48% Increase in Energy Density
• Neutral Sentiment: Continued exploration activity provides a limited positive signal. Domestic Metals is drilling Rio Tinto’s Smart Creek hole from a new angle, indicating ongoing exploration and potential resource-development interest. No assay results or economic impact were reported, so the immediate effect on RIO is likely limited. Domestic metals drilling Rio Tinto’s Smart Creek hole at a new angle
• Neutral Sentiment: Rio Tinto is expanding its mining-technology network. Fieldstone Bio was selected for a Rio Tinto-backed accelerator focused on critical-mineral biosensors. The initiative may improve future exploration and processing capabilities but is unlikely to materially affect near-term results. Fieldstone Bio Selected for Rio Tinto and Founders Factory Mining Tech Accelerator
• Negative Sentiment: Macro and sector pressure remains a headwind. Higher bond yields, concerns about rate increases, surging oil prices and elevated energy costs have weighed on global mining shares and the broader FTSE 100. These factors can pressure Rio Tinto’s valuation and raise operating costs, offsetting some of the benefit from stronger copper fundamentals. FTSE 100 today: Stocks flat as oil surge, rising yields weigh

Wall Street Analyst Weigh In

RIO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Rio Tinto in a research report on Wednesday, July 15th. Royal Bank Of Canada raised shares of Rio Tinto from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Jefferies Financial Group reiterated a “neutral” rating on shares of Rio Tinto in a report on Thursday, August 20th. Berenberg Bank reissued a “buy” rating on shares of Rio Tinto in a research note on Wednesday, September 30th. Finally, Barclays reaffirmed a “neutral” rating on shares of Rio Tinto in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.62.

Rio Tinto Stock Up 1.5%

NYSE RIO opened at $94.72 on Friday. The stock has a fifty day simple moving average of $99.05 and a 200-day simple moving average of $98.40. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29. Rio Tinto PLC has a twelve month low of $65.35 and a twelve month high of $112.58.

Rio Tinto Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, August 14th were paid a dividend of $2.11 per share. This represents a yield of 441.0%. The ex-dividend date of this dividend was Friday, August 14th.

Rio Tinto Company Profile

Rio Tinto plc is a global mining and metals company that explores for, develops, and operates mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks, and salt. The company supplies raw materials to industries such as construction, manufacturing, transportation, packaging, and renewable energy.

Rio Tinto’s iron ore business is concentrated in Western Australia’s Pilbara region, while its aluminum operations span bauxite mining, alumina refining, and aluminum smelting in several countries.