Aberdeen Group plc Purchases 94,800 Shares of Rio Tinto PLC $RIO

Aberdeen Group plc boosted its position in Rio Tinto PLC (NYSE:RIO) by 45.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 303,500 shares of the mining company’s stock after acquiring an additional 94,800 shares during the quarter. Aberdeen Group plc’s holdings in Rio Tinto were worth $20,007,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Rio Tinto by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 18,562,934 shares of the mining company’s stock worth $1,082,776,000 after buying an additional 752,505 shares in the last quarter. Franklin Resources Inc. raised its stake in Rio Tinto by 0.4% during the second quarter. Franklin Resources Inc. now owns 5,496,126 shares of the mining company’s stock worth $320,589,000 after acquiring an additional 20,138 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Rio Tinto by 5.7% in the second quarter. Bank of America Corp DE now owns 2,393,759 shares of the mining company’s stock worth $139,628,000 after acquiring an additional 130,132 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Rio Tinto by 71.7% in the 2nd quarter. Bank of Montreal Can now owns 1,855,607 shares of the mining company’s stock valued at $108,238,000 after purchasing an additional 774,851 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Rio Tinto by 20.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 926,483 shares of the mining company’s stock valued at $54,042,000 after purchasing an additional 154,407 shares during the last quarter. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Price Performance

Shares of NYSE:RIO opened at $98.96 on Thursday. Rio Tinto PLC has a 12-month low of $51.67 and a 12-month high of $100.33. The business has a fifty day simple moving average of $86.82 and a 200 day simple moving average of $73.73. The company has a quick ratio of 1.03, a current ratio of 1.53 and a debt-to-equity ratio of 0.37.

Trending Headlines about Rio Tinto

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

• Positive Sentiment: Rio Tinto says it has assumed majority control and management responsibilities at Nemaska Lithium in Quebec, accelerating its plan to build an integrated lithium business (upstream feedstock for EV batteries and critical minerals exposure). This strengthens Rio’s battery-metals growth story and long-term diversification beyond iron ore. Rio Tinto assumes majority interest and management responsibilities at Nemaska Lithium
• Positive Sentiment: Market momentum/analyst picks: RIO was added to Zacks’ momentum and Strong Buy lists today, which can attract short-term flows and retail/institutional attention. Best Momentum Stocks to Buy for February 18th
• Positive Sentiment: Brokerage consensus remains constructive: recent coverage shows an average “Moderate Buy” recommendation, supporting a backdrop of analyst support for the name. Rio Tinto PLC (NYSE:RIO) Given Average Recommendation of “Moderate Buy” by Brokerages
• Neutral Sentiment: Glencore M&A chatter resurfaced — comments that the Glencore CEO remains open to a mega‑miner deal involving Rio fuel takeover speculation. That could be positive if it materializes but remains highly uncertain and would be a very large, complex transaction. Glencore boss still holds a flame for $320b Rio Tinto merger
• Negative Sentiment: Operational/jurisdictional risk remains a watch item—sector coverage highlights Rio’s earlier problems at its Simandou iron project and the broader risks of operating in complex jurisdictions, which could disrupt production and cash flow. Forget Chips, Buy Wires: BHP Hits Highs as Copper Overtakes Iron

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley cut shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 28th. Argus upped their price target on shares of Rio Tinto from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. HSBC cut Rio Tinto from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada restated a “sector perform” rating on shares of Rio Tinto in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Rio Tinto has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

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.