Rio Tinto Group (NYSE:RIO) Shares Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC boosted its stake in Rio Tinto Group (NYSE:RIO) by 33.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,681 shares of the mining company’s stock after acquiring an additional 2,938 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $687,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Rio Tinto Group by 4.2% during the second quarter. Rhumbline Advisers now owns 23,872 shares of the mining company’s stock valued at $1,574,000 after purchasing an additional 962 shares in the last quarter. American Century Companies Inc. raised its position in shares of Rio Tinto Group by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 238,110 shares of the mining company’s stock worth $15,699,000 after purchasing an additional 14,506 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Rio Tinto Group by 24.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 36,127 shares of the mining company’s stock valued at $2,382,000 after buying an additional 7,037 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Rio Tinto Group by 19.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 5,559 shares of the mining company’s stock valued at $367,000 after buying an additional 920 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Rio Tinto Group by 3.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 128,617 shares of the mining company’s stock worth $8,480,000 after buying an additional 4,023 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at $60.41 on Wednesday. The business’s 50 day moving average price is $61.30 and its 200 day moving average price is $63.66. The company has a market cap of $75.69 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.38 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RIO shares. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group reduced their target price on shares of Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.