More notable recent Rio Tinto plc (ADR) (NYSE:RIO) news were published by: Marketwatch.com which released: “Rio Tinto under investigation by SEC over Mozambique impairment” on December 01, 2016, also Livetradingnews.com with their article: “Rio Tinto plc (ADR) (NYSE:RIO) Heffx Trading Outlook” published on February 08, 2017, Livetradingnews.com published: “Rio Tinto plc (ADR) (NYSE:RIO) HEFFX Highlights” on July 04, 2017. Hudock Capital Group LLC increased its position in Rio Tinto PLC by 125.4% during the 2nd quarter. Creative Planning now owns 17,740 shares of the mining company’s stock worth $593,000 after buying an additional 2,480 shares in the last quarter. Jennison Associates LLC now owns 1,576,255 shares of the mining company’s stock worth $66,691,000 after purchasing an additional 548,476 shares during the period. Quantbot Technologies LP purchased a new position in Rio Tinto PLC during the 1st quarter valued at about $111,000. Finally, Stifel Financial Corp increased its stake in Rio Tinto PLC by 173.4% in the second quarter. Acrospire Investment Management LLC now owns 2,599 shares of the mining company’s stock valued at $110,000 after purchasing an additional 299 shares during the period. Neuberger Berman Group LLC raised its position in Rio Tinto PLC by 49.9% in the 2nd quarter.
Institutional investors have recently bought and sold shares of the company.
Rio Tinto PLC (NYSE:RIO) traded down 1.23% during mid-day trading on Wednesday, hitting $44.34. About 8.88 million shares traded or 158.89% up from the average. Rio Tinto plc has a 12 month low of GBX 2,260.50 and a 12 month high of GBX 3,784.50. The company has a market cap of $85.40 billion, a P/E ratio of 13.89 and a beta of 0.98. The company has a 50 day moving average price of GBX 3,569.97 and a 200-day moving average price of GBX 3,301.90.
The firm also recently announced a None dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, August 11th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, August 9th. This represents a yield of 5.54%.
Rio Tinto plc (LON:RIO) has been assigned a GBX 3,750 ($48.43) price target by equities researchers at UBS AG in a research note issued to investors on Wednesday, August 30th, www.boersen-zeitung.de reports. The stock of Rio Tinto plc (ADR) (NYSE:RIO) has “Sell” rating given on Thursday, October 29 by Liberum Capital. Macquarie reaffirmed an “outperform” rating and set a GBX 4,500 ($58.12) target price on shares of Rio Tinto plc in a research report on Wednesday, August 30th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 4,100 ($52.95) target price on shares of Rio Tinto plc in a research report on Tuesday, August 8th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 4,200 ($54.24) target price on shares of Rio Tinto plc in a research report on Wednesday, July 19th. Three analysts rating the company a strong buy, zero analysts rating the company a buy, one analyst rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $34.15. HSBC initiated the shares of RIO in report on Thursday, November 10 with “Buy” rating.
Robert Bishop increased its stake in Rio Tinto Plc (RIO) by 31.48% based on its latest 2016Q4 regulatory filing with the SEC. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.
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