Baker Ellis Asset Management LLC Purchases Shares of 8,600 Rio Tinto PLC $RIO

Baker Ellis Asset Management LLC purchased a new stake in shares of Rio Tinto PLC (NYSE:RIO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,600 shares of the mining company’s stock, valued at approximately $688,000.

Several other institutional investors have also added to or reduced their stakes in RIO. Arrowstreet Capital Limited Partnership purchased a new stake in Rio Tinto during the third quarter valued at about $94,737,000. Bank of America Corp DE boosted its position in Rio Tinto by 31.9% during the third quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company’s stock valued at $208,430,000 after buying an additional 763,786 shares during the period. National Bank of Canada FI boosted its position in Rio Tinto by 878.3% during the third quarter. National Bank of Canada FI now owns 824,092 shares of the mining company’s stock valued at $54,396,000 after buying an additional 739,854 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Rio Tinto during the third quarter valued at about $37,115,000. Finally, Fisher Asset Management LLC boosted its position in Rio Tinto by 3.0% during the third quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company’s stock valued at $1,262,122,000 after buying an additional 557,234 shares during the period. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Stock Up 3.9%

Rio Tinto stock opened at $98.33 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $93.51 and a 200-day moving average of $81.17. Rio Tinto PLC has a 1-year low of $52.27 and a 1-year high of $101.53.

Rio Tinto Dividend Announcement

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

Rio Tinto News Summary

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

• Positive Sentiment: Pilbara output and operational resilience support near‑term iron ore outlook — coverage highlights steady 2025 iron ore production, improved efficiency at Pilbara and progress on new projects that helped offset weather and cost headwinds, underpinning revenue visibility. Can Pilbara Facility Anchor Rio Tinto’s Short-Term Growth Trajectory?
• Positive Sentiment: Green‑steel collaboration boosts strategic, ESG growth story — a joint development agreement (JDA) with Calix for a green iron demo plant in Western Australia underscores Rio’s move into lower‑carbon steel inputs, supporting long‑term premium positioning. Calix Ltd jumps 30% on JDA with Rio Tinto
• Positive Sentiment: Higher aluminium billet premiums may lift margins — reports show Rio Tinto raised U.S. billet premiums alongside peers amid Middle East conflict, which can boost near‑term aluminium revenue. Market Chatter: Rio Tinto, Century Aluminum Raise US Billet Premiums
• Positive Sentiment: CEO emphasizes China as innovation hub — management comments about China as a key hub for innovation reinforce investor confidence in RIO’s technology and market access strategy. Rio Tinto CEO: China a key hub for innovation
• Neutral Sentiment: Former CEO launching deep‑sea mining ventures — multiple stories report Tom Albanese’s firms merging/listing to build a large seabed critical‑minerals platform; this is more industry‑adjacent than a direct competitive threat to Rio today. Ex‑Rio Tinto CEO’s deep‑sea mining firm to merge with Odyssey
• Neutral Sentiment: Analyst consensus remains mixed — Rio Tinto retains a consensus “Hold” from analysts, suggesting limited near‑term upside per street estimates despite operational positives. Rio Tinto receives consensus ‘Hold’
• Neutral Sentiment: Broader market and energy developments are tangential — items like a large South African solar commissioning and basic‑materials market commentary provide background on energy/commodity dynamics but are not RIO‑specific catalysts. Bolobedu Solar power plant reaches commissioning

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Barclays lowered shares of Rio Tinto from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 24th. Sanford C. Bernstein cut their price target on shares of Rio Tinto from $83.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, March 9th. Argus increased their target price 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. Finally, Citigroup upgraded shares of Rio Tinto to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $81.00.

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.