Aviso Financial Inc. Has $1.19 Million Stock Holdings in Rio Tinto PLC $RIO

Aviso Financial Inc. boosted its holdings in shares of Rio Tinto PLC (NYSE:RIO) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,456 shares of the mining company’s stock after acquiring an additional 1,066 shares during the quarter. Aviso Financial Inc.’s holdings in Rio Tinto were worth $1,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RIO. Amundi boosted its position in Rio Tinto by 224.0% during the first quarter. Amundi now owns 230,891 shares of the mining company’s stock valued at $13,491,000 after acquiring an additional 159,636 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Rio Tinto in the 1st quarter worth about $357,000. Assetmark Inc. lifted its stake in shares of Rio Tinto by 8.1% in the 2nd quarter. Assetmark Inc. now owns 70,330 shares of the mining company’s stock valued at $4,102,000 after purchasing an additional 5,259 shares during the period. Acadian Asset Management LLC boosted its position in shares of Rio Tinto by 37.9% during the 1st quarter. Acadian Asset Management LLC now owns 57,595 shares of the mining company’s stock valued at $3,458,000 after purchasing an additional 15,839 shares in the last quarter. Finally, Soltis Investment Advisors LLC boosted its position in shares of Rio Tinto by 6.3% during the 2nd quarter. Soltis Investment Advisors LLC now owns 140,546 shares of the mining company’s stock valued at $8,198,000 after purchasing an additional 8,314 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Stock Up 0.8%

Shares of Rio Tinto stock opened at $71.05 on Wednesday. Rio Tinto PLC has a 1 year low of $51.67 and a 1 year high of $73.76. The company has a quick ratio of 1.03, a current ratio of 1.53 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $68.24 and a 200-day moving average price of $63.34.

Analysts Set New Price Targets

RIO has been the topic of several recent analyst reports. Citigroup reissued a “hold” rating on shares of Rio Tinto in a research note on Monday, November 17th. Morgan Stanley reiterated an “overweight” rating on shares of Rio Tinto in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto from a “buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Rio Tinto in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto 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.