Rio Tinto PLC $RIO Shares Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC raised its holdings in Rio Tinto PLC (NYSE:RIO) by 57.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,954 shares of the mining company’s stock after buying an additional 8,752 shares during the quarter. Evergreen Capital Management LLC’s holdings in Rio Tinto were worth $1,581,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RIO. Salomon & Ludwin LLC boosted its stake in Rio Tinto by 62.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 472 shares of the mining company’s stock worth $31,000 after purchasing an additional 181 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Rio Tinto in the second quarter worth $38,000. MTM Investment Management LLC acquired a new stake in shares of Rio Tinto during the second quarter worth $43,000. Hilltop National Bank purchased a new stake in shares of Rio Tinto during the second quarter valued at $44,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Rio Tinto in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reaffirmed a “hold” rating on shares of Rio Tinto in a research report on Monday, November 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rio Tinto in a report on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Rio Tinto in a report on Monday, December 1st. Argus lifted their price objective on shares of Rio Tinto from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rio Tinto has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Key Stories Impacting Rio Tinto

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

• Positive Sentiment: Rio Tinto secured a commercial supply agreement to provide copper for Amazon/AWS data‑center projects, positioning the company in high‑growth AI infrastructure metal demand and validating its bioleaching/processing partnerships. Rio Tinto to supply copper to Amazon for AI data centers
• Positive Sentiment: Amazon/AWS commercial tie‑ups reported across outlets (including industry and regional press) reinforce demand visibility for Rio’s copper projects and its role in next‑gen data‑center supply chains. Amazon Web Services inks landmark metal deal with mining giant Rio Tinto
• Positive Sentiment: Rio and BHP are coordinating on Pilbara iron‑ore cost savings and exploring joint Pilbara development, which could improve margins and capital efficiency if approved. This suggests industry consolidation on operations/CapEx. Rio Tinto and BHP team up for iron ore savings in Australia
• Positive Sentiment: Operationally, Rio reported stronger iron‑ore output (record Gudai‑Darri performance, improved Pilbara efficiency), supporting longer‑term revenue prospects. Is RIO’s Higher Iron Ore Production a Catalyst for Future Growth?
• Neutral Sentiment: Dimensional Fund Advisors filed Form 8.3 disclosures showing an ownership stake above 1% in Rio Tinto (separate filings for RIO TINTO PLC and RIO TINTO LTD). Institutional stakes can be stabilizing but are not an immediate directional catalyst. Dimensional Fund Advisors Ltd. : Form 8.3 – RIO TINTO PLC – Ordinary Shares
• Neutral Sentiment: Broker/coverage pieces reiterate merger speculation and Rio’s copper & cost‑cutting narratives; useful context but largely confirmatory. Rio Tinto Group (RIO) Balances $207B Merger Speculation With Cost Reduction and Copper Production Goals
• Negative Sentiment: Speculation about a possible merger with Glencore is clouded by reports that Chinese regulators may demand asset sales to address resource‑security and concentration concerns — a development that raises regulatory risk and could reduce expected merger benefits. That uncertainty is a likely driver of downward pressure. Rio Tinto-Glencore merger may need asset sales to win over China

Rio Tinto Price Performance

Shares of Rio Tinto stock opened at $85.14 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.53 and a debt-to-equity ratio of 0.37. Rio Tinto PLC has a twelve month low of $51.67 and a twelve month high of $87.34. The firm’s 50-day moving average price is $76.73 and its 200 day moving average price is $68.49.

About Rio Tinto

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.