Clarkson Capital cut shares of Rio Tinto PLC (NYSE:RIO) from a buy rating to a neutral rating in a report issued on Monday, The Fly reports.

A number of other research firms also recently issued reports on RIO. Canaccord Genuity downgraded shares of Rio Tinto PLC from a buy rating to a hold rating in a research report on Tuesday, September 26th. Citigroup Inc. restated a buy rating on shares of Rio Tinto PLC in a research report on Thursday, September 28th. Goldman Sachs Group, Inc. (The) restated a neutral rating on shares of Rio Tinto PLC in a research report on Monday, August 14th. Royal Bank Of Canada downgraded shares of Rio Tinto PLC from a top pick rating to an outperform rating in a research report on Tuesday, August 15th. Finally, Zacks Investment Research upgraded shares of Rio Tinto PLC from a strong sell rating to a hold rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $50.50.

Shares of Rio Tinto PLC (RIO) opened at 48.02 on Monday. Rio Tinto PLC has a one year low of $31.67 and a one year high of $50.13. The stock has a market capitalization of $86.10 billion, a PE ratio of 14.00 and a beta of 0.95. The stock has a 50 day moving average of $48.38 and a 200-day moving average of $43.79.

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The business also recently declared a None dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, August 11th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, August 9th.

Several hedge funds have recently added to or reduced their stakes in RIO. Ameriprise Financial Inc. raised its position in shares of Rio Tinto PLC by 2.7% during the 1st quarter. Ameriprise Financial Inc. now owns 130,621 shares of the mining company’s stock worth $5,339,000 after buying an additional 3,441 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Rio Tinto PLC by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,354 shares of the mining company’s stock worth $868,000 after buying an additional 1,649 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Rio Tinto PLC during the 1st quarter worth about $2,529,000. Marshall Wace North America L.P. bought a new stake in shares of Rio Tinto PLC during the 1st quarter worth about $2,529,000. Finally, Geode Capital Management LLC raised its position in shares of Rio Tinto PLC by 13.8% during the 1st quarter. Geode Capital Management LLC now owns 25,180 shares of the mining company’s stock worth $1,024,000 after buying an additional 3,061 shares in the last quarter. Institutional investors own 6.87% of the company’s stock.

Rio Tinto PLC Company Profile

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

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Analyst Recommendations for Rio Tinto PLC (NYSE:RIO)

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