4,960 Shares in Rio Tinto PLC $RIO Bought by Corps Capital Advisors LLC

Corps Capital Advisors LLC bought a new position in shares of Rio Tinto PLC (NYSE:RIO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,960 shares of the mining company’s stock, valued at approximately $397,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFS Partners LLC acquired a new position in shares of Rio Tinto during the fourth quarter worth $28,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Rio Tinto during the fourth quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Rio Tinto during the fourth quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Rio Tinto during the fourth quarter worth $37,000. Finally, Gilpin Wealth Management LLC acquired a new position in shares of Rio Tinto during the fourth quarter worth $40,000. Institutional investors and hedge funds own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RIO shares. JPMorgan Chase & Co. downgraded shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a research note on Monday, March 9th. Zacks Research cut shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Argus set a $120.00 price target on shares of Rio Tinto in a research report on Monday, April 27th. Royal Bank Of Canada cut shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, June 3rd. Finally, Bank of America cut shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rio Tinto presently has an average rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Stock Up 1.6%

Shares of RIO opened at $105.30 on Friday. Rio Tinto PLC has a 1-year low of $55.64 and a 1-year high of $112.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. The firm has a fifty day moving average price of $102.17 and a 200 day moving average price of $92.01.

Key Stories Impacting Rio Tinto

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

• Positive Sentiment: Erste Group Bank raised its earnings forecasts for Rio Tinto, increasing FY2026 EPS to $8.42 from $8.04 and FY2027 EPS to $8.47 from $8.31, which suggests analysts see stronger profitability ahead.
• Positive Sentiment: Rio Tinto and China Baowu completed Pilbara Blend iron ore pelletisation and direct reduction trials, a development that could support future demand for higher-value iron ore products and improve the company’s positioning with steel customers.
• Positive Sentiment: Rio Tinto’s collaboration with Sandvik to integrate autonomous drilling systems highlights continued investment in automation, which may improve productivity and lower operating costs over time. Article Title
• Neutral Sentiment: Coverage discussing Rio Tinto’s momentum trends and passive-income appeal may be helping keep investor interest elevated, but it does not appear to be a direct fundamental catalyst.
• Neutral Sentiment: Reports that Rio Tinto Shipping is selling half of its owned bulkers could be part of portfolio optimization, but the financial impact is unclear from the headline alone. Article Title
• Negative Sentiment: There is also a recent market note saying Rio Tinto slipped and underperformed the broader market earlier in the week, suggesting some short-term profit-taking or weaker trading sentiment. Article Title

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.