Raelipskie Partnership Purchases 500 Shares of Rio Tinto Group (NYSE:RIO)

Raelipskie Partnership increased its position in shares of Rio Tinto Group (NYSE:RIO) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,715 shares of the mining company’s stock after purchasing an additional 500 shares during the period. Raelipskie Partnership’s holdings in Rio Tinto Group were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RIO. Winch Advisory Services LLC bought a new stake in Rio Tinto Group in the third quarter valued at $26,000. FSC Wealth Advisors LLC bought a new stake in shares of Rio Tinto Group during the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock worth $29,000 after purchasing an additional 195 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Rio Tinto Group during the third quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Rio Tinto Group during the fourth quarter worth $47,000. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Price Performance

NYSE:RIO opened at $63.38 on Monday. 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 has a 52-week low of $57.85 and a 52-week high of $74.24. The stock has a 50-day simple moving average of $60.65 and a 200 day simple moving average of $62.92.

Analyst Ratings Changes

Several brokerages have recently issued reports on RIO. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Financial Group cut their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group Company 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.