SBI Securities Co. Ltd. Sells 9,543 Shares of Rio Tinto PLC $RIO

SBI Securities Co. Ltd. reduced its position in shares of Rio Tinto PLC (NYSE:RIO) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,792 shares of the mining company’s stock after selling 9,543 shares during the period. SBI Securities Co. Ltd.’s holdings in Rio Tinto were worth $3,105,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. PFS Partners LLC acquired a new stake in shares of Rio Tinto in the fourth quarter valued at approximately $28,000. Nvest Wealth Strategies Inc. acquired a new position in Rio Tinto during the fourth quarter worth $28,000. Trust Co. of Toledo NA OH bought a new position in Rio Tinto in the fourth quarter valued at $34,000. Root Financial Partners LLC bought a new position in Rio Tinto in the third quarter valued at $36,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Rio Tinto in the 4th quarter valued at $37,000. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Price Performance

Rio Tinto stock opened at $105.55 on Thursday. The company’s 50-day moving average price is $94.70 and its two-hundred day moving average price is $85.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.98. Rio Tinto PLC has a twelve month low of $55.64 and a twelve month high of $105.97.

Rio Tinto Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, April 16th. Investors of record on Friday, March 6th were issued a dividend of $2.54 per share. This represents a yield of 564.0%. The ex-dividend date of this dividend was Friday, March 6th.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Rio Tinto from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Morgan Stanley lowered Rio Tinto from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 28th. Argus set a $120.00 price target on Rio Tinto in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered Rio Tinto from an “overweight” rating to a “neutral” rating in a research report on Monday, March 9th. Finally, HSBC downgraded Rio Tinto from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.75.

More Rio Tinto News

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Analyst/technical spotlight — Institutional Investor/IBD called RIO a “stock of the day” after a breakout as hopes for an Iran deal lifted metals prices, providing momentum for miners including Rio Tinto. Rio Tinto, IBD stock of the day, breaks out as Iran deal hopes lift metals prices
• Positive Sentiment: Commodity tailwinds — Copper, gold and silver jumped after easing geopolitical risk, lifting sector sentiment and helping re-rate large diversified miners such as Rio Tinto. Higher metal prices support revenue and cash flow upside. Copper, Silver, Gold Price Jump As Oil Dives. These Stocks Are Near Buy Points.
• Positive Sentiment: Copper production growth — Reports note Rio Tinto’s copper output is rising, putting its valuation and dividend policy in focus; sustained higher copper volumes and prices would materially boost cash generation and investor returns. Rio Tinto Copper Output Rise Puts Valuation And Dividend In Spotlight
• Positive Sentiment: Cost discipline — Management has signaled further cost cutting as it pivots into a copper-led growth phase; cost cuts can bolster margins and free cash flow, reassuring income-focused investors. Rio Tinto boss vows more cost-cutting as it bets big on copper boom
• Positive Sentiment: Operational outsourcing — Rio Tinto awarded Sodexo a Pilbara facilities contract, a small operational development that may improve service delivery and concentrate capital on core mining. Sodexo awarded contract to manage Rio Tinto’s Pilbara facilities
• Negative Sentiment: Environmental & ESG pressure — Traditional owners say a sacred Aboriginal waterhole in Western Australia has dried, blaming Rio Tinto’s water use; this raises reputational, regulatory and community-relations risk. Rio Tinto’s water use dries sacred waterhole, Aboriginal group says
• Negative Sentiment: Investor divestment risk — The Jesuits in Britain are considering selling their stake over environmental concerns in Madagascar and Guinea, a sign of growing ESG-led investor pressure that could weigh on sentiment. Jesuits in Britain consider divesting from Rio Tinto over environmental concerns
• Negative Sentiment: Operational disruption risk — Mining was halted at the Baowu-led Simandou site over a pay dispute, highlighting labour and geopolitical risks in West African projects that can affect supply dynamics and sector sentiment. Mining halted at Baowu-led Simandou site over pay dispute, sources say

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.