Rio Tinto PLC $RIO Stake Lowered by SteelPeak Wealth LLC

SteelPeak Wealth LLC trimmed its position in shares of Rio Tinto PLC (NYSE:RIO) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,195 shares of the mining company’s stock after selling 6,595 shares during the period. SteelPeak Wealth LLC’s holdings in Rio Tinto were worth $18,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its position in Rio Tinto by 170.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock worth $311,023,000 after acquiring an additional 2,451,140 shares in the last quarter. Milford Funds Ltd. acquired a new position in shares of Rio Tinto during the 4th quarter worth $93,143,000. Deutsche Bank AG raised its holdings in shares of Rio Tinto by 102.6% during the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock valued at $177,421,000 after purchasing an additional 1,122,667 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Rio Tinto by 144.7% during the 4th quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock valued at $127,039,000 after purchasing an additional 938,687 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Rio Tinto by 31.9% in the 3rd quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company’s stock valued at $208,430,000 after purchasing an additional 763,786 shares during the last quarter. Institutional investors and hedge funds own 19.33% of the company’s stock.

Key Stories Impacting Rio Tinto

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

• Positive Sentiment: Rio Tinto reported an 18% sequential increase in Q2 Pilbara iron ore shipments, and first-half Pilbara production was the highest since 2018, a sign that its core iron ore business is running well and supporting revenue. Rio Tinto Reports 18% Sequential Increase in Q2 Iron Ore Shipments
• Positive Sentiment: The company said copper unit costs fell sharply and it kept full-year guidance unchanged, which suggests better operational efficiency even as the commodity backdrop remains mixed. Rio Tinto cuts copper unit costs nearly in half for 2026
• Positive Sentiment: Rio Tinto also increased first-half copper-equivalent production by 3%, reinforcing the view that growth across the portfolio is continuing. Rio Tinto releases second quarter 2026 production results
• Neutral Sentiment: Rio Tinto and Mongolia reached an agreement related to the Oyu Tolgoi project loan terms, which may help support the long-term copper project but is not an immediate earnings driver. Mongolia Copper and Gold Project Progress Asserts Rio Tinto PLC ADR (RIO) as a Top Dividend Stock to Invest In
• Negative Sentiment: Some reports noted mixed Q2 output and rising costs tied to geopolitical tensions, suggesting investors may be focused on margin pressure outside iron ore. Mideast tensions push up Rio Tinto’s costs
• Negative Sentiment: One market report also highlighted that Rio Tinto lowered copper cost guidance, which can be read as a cautionary sign that the company is still working through cost challenges in that segment. Rio Tinto iron ore shipments rise; copper cost guidance lowered

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Zacks Research cut shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup restated a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. Morgan Stanley cut Rio Tinto from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 8th. Sanford C. Bernstein upped their price target on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Rio Tinto in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Stock Down 3.2%

Shares of NYSE RIO opened at $90.64 on Friday. The business has a fifty day simple moving average of $100.50 and a 200 day simple moving average of $95.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. Rio Tinto PLC has a one year low of $58.40 and a one year high of $112.58.

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.