DAVENPORT & Co LLC Purchases 8,981 Shares of Rio Tinto PLC $RIO

DAVENPORT & Co LLC grew its position in shares of Rio Tinto PLC (NYSE:RIO) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,054 shares of the mining company’s stock after buying an additional 8,981 shares during the quarter. DAVENPORT & Co LLC’s holdings in Rio Tinto were worth $3,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in RIO. Cubist Systematic Strategies LLC bought a new stake in shares of Rio Tinto in the 1st quarter worth $84,000. AQR Capital Management LLC raised its stake in shares of Rio Tinto by 78.4% in the first quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company’s stock worth $726,000 after purchasing an additional 5,310 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rio Tinto by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company’s stock valued at $690,000 after purchasing an additional 1,968 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Rio Tinto by 5.8% during the first quarter. Empowered Funds LLC now owns 5,280 shares of the mining company’s stock valued at $317,000 after purchasing an additional 288 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Rio Tinto by 16.7% during the first quarter. Focus Partners Wealth now owns 15,985 shares of the mining company’s stock valued at $962,000 after buying an additional 2,285 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RIO shares. DZ Bank downgraded Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Citigroup upgraded shares of Rio Tinto to a “hold” rating in a research note on Tuesday, February 10th. Zacks Research raised shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Weiss Ratings upgraded shares of Rio Tinto from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Erste Group Bank raised shares of Rio Tinto from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $81.00.

More Rio Tinto News

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

• Positive Sentiment: Record Australian supplier spend (A$19.7bn) signals strong operating scale, local partnerships and support for ongoing projects and community social licence — a positive for long‑term operations and project delivery. Rio Tinto boosts 2025 Australian supplier spend to record A$19.7 billion
• Positive Sentiment: Rio formally exits diamonds with closure of the Diavik mine after 23 years — freeing capital and management attention to focus on iron ore, copper, aluminium and lithium where margins and strategic demand (EVs, infrastructure) are stronger. Rio Tinto’s Diavik diamond mine reaches end of production after 23 years
• Positive Sentiment: Resolution (Arizona) copper project targeting a mid‑2030s start is reiterated — reinforces Rio’s long‑term copper exposure (projected >18Mt life production) important for battery/EV supply chains. Rio Tinto targets mid-2030s for Arizona copper mine opening
• Positive Sentiment: Rio’s subsidiary Nuton has strategic ties with Lion Copper & Gold advancing U.S. copper supply — supportive of Rio’s positioning in North American copper value chains. Video – CEO Clips: Lion Copper & Gold Advances U.S. Copper Supply from Nevada
• Positive Sentiment: Sale of Quebec titanium assets to SAGA Metals signals portfolio simplification and monetisation of non‑core assets — can free capital or reduce exploration overheads. SAGA Metals acquires titanium property from Rio Tinto
• Neutral Sentiment: Rio published $9.9bn of taxes and royalties paid in 2025 — transparency is good for governance, but the scale is a reminder of cash outflows that will affect free cash flow allocation. Rio Tinto releases details of $9.9 billion of taxes and royalties paid in 2025
• Neutral Sentiment: Competitor BHP reports a 2% rise in iron‑ore output and record WAIO volumes — may add near‑term pricing/volume pressure in the seaborne iron‑ore market, a factor investors will watch for Rio’s iron‑ore margins. BHP Iron Ore Output Up 2% in 1H26: Can Expansion Drive Future Gains?
• Negative Sentiment: Local infrastructure disruption: Rio is repairing a pipe that will close Bangerter Highway in West Jordan over a weekend — a minor operational/PR disruption and reminder of local operational risks. Bangerter Highway to close in West Jordan over weekend as Rio Tinto repairs pipe
• Negative Sentiment: Critical coverage on the diamond exit highlights asset write‑downs and reputational scrutiny tied to closures — could pressure short‑term sentiment around legacy asset impairments. Diamonds Turn To Dust In Canada For Rio Tinto

Rio Tinto Trading Up 1.0%

Shares of RIO opened at $86.65 on Friday. The business has a 50-day simple moving average of $92.74 and a two-hundred day simple moving average of $79.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. Rio Tinto PLC has a 52 week low of $51.67 and a 52 week high of $101.53.

Rio Tinto Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, April 16th. Investors of record on Friday, March 6th will be issued a $2.54 dividend. This represents a yield of 564.0%. The ex-dividend date of this dividend is Friday, March 6th.

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.