Rio Tinto Group (NYSE:RIO) Shares Acquired by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC boosted its holdings in shares of Rio Tinto Group (NYSE:RIO) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,225 shares of the mining company’s stock after purchasing an additional 280 shares during the period. Fiduciary Financial Group LLC’s holdings in Rio Tinto Group were worth $307,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. 180 Wealth Advisors LLC raised its holdings in shares of Rio Tinto Group by 33.6% during the fourth quarter. 180 Wealth Advisors LLC now owns 11,681 shares of the mining company’s stock valued at $687,000 after acquiring an additional 2,938 shares during the period. FNY Investment Advisers LLC raised its holdings in shares of Rio Tinto Group by 117.6% during the fourth quarter. FNY Investment Advisers LLC now owns 1,850 shares of the mining company’s stock valued at $108,000 after acquiring an additional 1,000 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of Rio Tinto Group during the fourth quarter valued at approximately $473,000. Persium Advisors LLC acquired a new stake in shares of Rio Tinto Group during the fourth quarter valued at approximately $422,000. Finally, Sivia Capital Partners LLC increased its stake in Rio Tinto Group by 23.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,482 shares of the mining company’s stock valued at $205,000 after buying an additional 657 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

RIO has been the topic of several research reports. Jefferies Financial Group dropped their price objective on shares of 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. Macquarie reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com lowered shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rio Tinto Group has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Stock Performance

Shares of RIO opened at $60.48 on Thursday. The company’s fifty day moving average is $61.30 and its 200-day moving average is $63.66. Rio Tinto Group has a 12 month low of $57.85 and a 12 month high of $74.24. The firm has a market cap of $75.78 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.38 and a beta of 0.66. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

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.