Rio Tinto Group (NYSE:RIO) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. lifted its position in shares of Rio Tinto Group (NYSE:RIO) by 6.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,805 shares of the mining company’s stock after purchasing an additional 343 shares during the period. Financial Counselors Inc.’s holdings in Rio Tinto Group were worth $413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new stake in Rio Tinto Group in the second quarter valued at approximately $26,000. Winch Advisory Services LLC purchased a new stake in Rio Tinto Group in the 3rd quarter valued at $26,000. FSC Wealth Advisors LLC acquired a new stake in Rio Tinto Group during the 3rd quarter worth $28,000. Sound Income Strategies LLC grew its position in Rio Tinto Group by 70.9% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after purchasing an additional 173 shares during the last quarter. Finally, Centerpoint Advisors LLC increased its stake in Rio Tinto Group by 110.0% in the second quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock valued at $35,000 after purchasing an additional 275 shares during the period. 19.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RIO has been the subject of several recent research reports. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Rio Tinto Group Stock Performance

NYSE RIO opened at $62.84 on Friday. The stock has a market capitalization of $78.73 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.37 and a beta of 0.67. The business’s 50 day moving average is $65.46 and its two-hundred day moving average is $65.56. Rio Tinto Group has a 12-month low of $59.35 and a 12-month high of $75.09. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Rio Tinto Group 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.