Rio Tinto Group (NYSE:RIO) Shares Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lifted its holdings in Rio Tinto Group (NYSE:RIO) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,191 shares of the mining company’s stock after acquiring an additional 200 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Rio Tinto Group were worth $599,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. increased its holdings in Rio Tinto Group by 9.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock worth $129,000 after acquiring an additional 159 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of 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. Concurrent Investment Advisors LLC lifted its holdings in Rio Tinto Group by 4.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,261 shares of the mining company’s stock worth $303,000 after buying an additional 175 shares in the last quarter. Fiduciary Financial Group LLC raised its stake in shares of Rio Tinto Group by 3.7% in the third quarter. Fiduciary Financial Group LLC now owns 4,945 shares of the mining company’s stock valued at $330,000 after acquiring an additional 178 shares in the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in Rio Tinto Group by 3.4% in the third quarter. Stonegate Investment Group LLC now owns 5,467 shares of the mining company’s stock worth $389,000 after acquiring an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Rio Tinto Group Price Performance

Shares of Rio Tinto Group stock opened at $59.84 on Wednesday. The company has a 50-day moving average of $61.01 and a two-hundred day moving average of $63.28. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group dropped their price objective on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

About Rio Tinto Group

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.