Rio Tinto PLC $RIO Stock Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its stake in Rio Tinto PLC (NYSE:RIO) by 21.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 79,203 shares of the mining company’s stock after selling 21,427 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Rio Tinto were worth $7,359,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Miramontes Capital LLC increased its position in shares of Rio Tinto by 1.7% during the second quarter. Miramontes Capital LLC now owns 5,863 shares of the mining company’s stock valued at $557,000 after buying an additional 99 shares during the period. Parkside Financial Bank & Trust raised its stake in Rio Tinto by 2.0% in the second quarter. Parkside Financial Bank & Trust now owns 5,865 shares of the mining company’s stock worth $557,000 after buying an additional 114 shares in the last quarter. Asset Allocation Strategies LLC lifted its holdings in Rio Tinto by 4.0% in the second quarter. Asset Allocation Strategies LLC now owns 3,010 shares of the mining company’s stock worth $286,000 after buying an additional 117 shares during the period. Trust Point Inc. lifted its holdings in Rio Tinto by 2.0% in the second quarter. Trust Point Inc. now owns 5,989 shares of the mining company’s stock worth $569,000 after buying an additional 118 shares during the period. Finally, Walker Asset Management LLC lifted its holdings in Rio Tinto by 2.5% in the second quarter. Walker Asset Management LLC now owns 4,866 shares of the mining company’s stock worth $462,000 after buying an additional 120 shares during the period. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

RIO has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “neutral” rating on shares of Rio Tinto in a report on Thursday, August 20th. Argus upgraded Rio Tinto to a “strong-buy” rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Rio Tinto in a research note on Thursday, July 30th. DZ Bank restated a “buy” rating on shares of Rio Tinto in a research report on Tuesday, September 15th. Finally, Morningstar raised Rio Tinto to a “hold” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.62.

Rio Tinto Stock Down 1.0%

NYSE:RIO opened at $89.45 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.93 and a current ratio of 1.42. Rio Tinto PLC has a fifty-two week low of $67.74 and a fifty-two week high of $112.58. The firm has a 50-day simple moving average of $98.04 and a two-hundred day simple moving average of $98.63.

Rio Tinto Dividend Announcement

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

Rio Tinto Profile

Rio Tinto plc is a diversified mining and metals company with operations and projects spanning multiple continents. Its principal products include iron ore, aluminum, copper, lithium, borates and titanium dioxide, which are supplied to customers in the steel, construction, automotive, technology and manufacturing industries.

The company explores for, mines, processes and transports mineral resources, while also operating related infrastructure such as railways, ports, smelters and processing facilities.