R Squared Ltd purchased a new stake in Rio Tinto PLC (NYSE:RIO – Free Report) during the third quarter, Holdings Channel reports. The fund purchased 9,035 shares of the mining company’s stock, valued at approximately $596,000.
Several other large investors have also recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Rio Tinto in the 2nd quarter valued at approximately $49,089,000. Bank of Montreal Can boosted its position in shares of Rio Tinto by 71.7% during the second quarter. Bank of Montreal Can now owns 1,855,607 shares of the mining company’s stock worth $108,238,000 after buying an additional 774,851 shares during the period. Fisher Asset Management LLC grew its stake in shares of Rio Tinto by 4.2% in the second quarter. Fisher Asset Management LLC now owns 18,562,934 shares of the mining company’s stock valued at $1,082,776,000 after buying an additional 752,505 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Rio Tinto by 555.8% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 524,602 shares of the mining company’s stock worth $30,600,000 after acquiring an additional 444,602 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Rio Tinto by 198.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 282,112 shares of the mining company’s stock valued at $16,456,000 after acquiring an additional 187,544 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RIO has been the subject of a number of research reports. HSBC cut shares of Rio Tinto from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Barclays cut Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Morgan Stanley cut Rio Tinto from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 28th. Citigroup raised Rio Tinto to a “hold” rating in a research report on Tuesday, February 10th. Finally, Argus upped their target price on shares of Rio Tinto from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Rio Tinto has a consensus rating of “Hold” and a consensus price target of $85.00.
Rio Tinto News Summary
Here are the key news stories impacting Rio Tinto this week:
- Positive Sentiment: Rio reported record copper and bauxite production for 2025, completed the Arcadium acquisition, updated reserves, doubled copper EBITDA, delivered lower unit costs and increased the final dividend — a direct positive for earnings and shareholder returns. Rio Tinto Production Milestones And Arcadium Deal Test Dividend Strength
- Positive Sentiment: Rio confirmed 2026 Simandou export guidance and full rail commissioning, which should unlock significant high‑grade iron ore export capacity and improve near‑term volumes. [SMM Iron & Steel] Rio Tinto Confirms 2026 Simandou Export Guidance and Full Rail Commissioning
- Positive Sentiment: Rio signed an early agreement with Codelco to explore joint investments, signaling potential collaboration on large-scale copper opportunities and strategic partnership benefits. Codelco, Rio Tinto sign early agreement to weigh investments
- Positive Sentiment: Rio is named among companies working to supply rare earths (yttrium, scandium) amid reported shortages — a potential diversification/strategic upside if supply contracts or projects progress. Five Rare Earth Stocks To Watch As Shortages Hit Aerospace
- Neutral Sentiment: Industry research forecasts strong sector growth to 2035 and lists Rio among leading miners — a tailwind for long‑term demand but not an immediate catalyst. Mining Industry Report 2026-2035: A $2.75+ Trillion Market by 2030
- Neutral Sentiment: Australia’s iron‑ore output is set to rise ~2.6% in 2026, which could boost volumes for regional producers but may pressure benchmark prices. Project ramp-ups and new projects set to lift Australia’s iron ore output in 2026
- Neutral Sentiment: Pieces mentioning dividend ETFs and other juniors reference the sector’s yield appeal or personnel ties to Rio, but they are peripheral to Rio’s fundamentals. Got $10,000? Put It in These Dividend ETFs Now
- Negative Sentiment: Barclays downgraded Rio to Equal Weight, which can pressure sentiment and limit near‑term upside despite strong operations. Barclays Downgrades Rio Tinto (NYSE:RIO) to Equal Weight
Rio Tinto Trading Up 0.2%
Shares of Rio Tinto stock opened at $99.30 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. The company has a fifty day simple moving average of $89.84 and a 200-day simple moving average of $75.47. Rio Tinto PLC has a 12-month low of $51.67 and a 12-month high of $101.53.
Rio Tinto Announces Dividend
The company also recently announced a dividend, which will be paid on Thursday, April 16th. Investors of record on Friday, March 6th will be given a $2.54 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a dividend yield of 527.0%.
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.
Recommended Stories
- Five stocks we like better than Rio Tinto
- Unlocked: Elon Musk’s Next Big IPO
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- 1,500 Banks Just Handed the Fed Your Bank Account
- Read this or regret it forever
- Silver paying 20% dividend. Plus 68% share gains
Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto PLC (NYSE:RIO – Free Report).
Receive News & Ratings for Rio Tinto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto and related companies with MarketBeat.com's FREE daily email newsletter.
