Cullen Capital Management LLC Increases Position in Rio Tinto PLC $RIO

Cullen Capital Management LLC lifted its position in shares of Rio Tinto PLC (NYSE:RIO) by 72.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 498,868 shares of the mining company’s stock after buying an additional 209,107 shares during the quarter. Cullen Capital Management LLC’s holdings in Rio Tinto were worth $39,924,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RIO. PFS Partners LLC purchased a new position in shares of Rio Tinto during the fourth quarter valued at approximately $28,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Rio Tinto during the fourth quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Rio Tinto during the fourth quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Rio Tinto during the fourth quarter valued at approximately $37,000. Finally, Triumph Capital Management purchased a new position in shares of Rio Tinto during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Key Rio Tinto News

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

Analysts Set New Price Targets

Several brokerages recently commented on RIO. JPMorgan Chase & Co. lowered shares of Rio Tinto from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Argus set a $120.00 price target on shares of Rio Tinto in a research report on Monday, April 27th. Barclays lowered shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 24th. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein upped their price target on shares of Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rio Tinto currently has an average rating of “Hold” and an average price target of $101.75.

Rio Tinto Trading Up 1.6%

Shares of RIO stock opened at $105.30 on Friday. Rio Tinto PLC has a one year low of $55.64 and a one year high of $112.58. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $102.17 and a 200 day moving average price of $92.01.

Rio Tinto Company Profile

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.