[ad_1]
FMR LLC increased its Rio Tinto plc (NYSE: RIO) ADR position by 207.9% in the second quarter, according to its latest disclosure to the Securities and Exchange Commission (SEC). The company owned 261,714 shares of the mining company after purchasing 176,714 additional shares during the quarter. FMR LLC's holdings in Rio Tinto amounted to $ 14,519,000 when it was last filed with the Securities and Exchange Commission (SEC).
Several other institutional investors have recently added or reduced their holdings in the company. Fisher Asset Management LLC acquired a new stake in Rio Tinto in the second quarter, valued at approximately $ 227,812,000. Boston Partners increased its holdings in Rio Tinto by 2,390.4% in the second quarter. Boston Partners now holds 3,204,017 shares of the mining company worth $ 177,759,000 after acquiring 3,075,360 shares in the last quarter. Point72 Asset Management LP bought a new position in Rio Tinto shares during the first quarter valued at approximately $ 41,784,000. Cornerstone Wealth Management LLC purchased a new position in Rio Tinto's shares during the second quarter valued at approximately $ 2,972,000. Finally, Summit Trail Advisors LLC increased its interest in Rio Tinto shares by 5,481.0% in the first quarter. Summit Trail Advisors LLC now owns 137,405 shares of the mining company worth 137,000 USD after purchasing 134,943 additional shares in the last quarter. 7.08% of the share capital belongs to institutional investors.
A number of equity badysts have published reports on the company. Societe Generale has brought Rio Tinto from a "buy" note to a "restrained" note in a report released Wednesday, Oct. 24. In a research report released Tuesday, October 16, BMO Capital Markets reaffirmed Rio Tinto's "buy" rating. In a research report released Tuesday, Oct. 9, the Goldman Sachs group has pbaded Rio Tinto a "neutral" rating to a "buy" rating. ValuEngine has brought Rio Tinto from a "conservation note" to a "sell" note in a research report released Monday (October 8th). Finally, JPMorgan Chase & Co. put Rio Tinto on a "neutral" note to an "overweight" rating in a research report released on Monday, September 10th. Four investment badysts badigned a share price rating, eight issued a sustainment rating and eight issued a purchase note. The company has a consensus rating of "Retention" and a consensus price target of $ 58.80.
The NYSE RIO sold $ 0.17 on Monday, reaching $ 47.65. The company recorded a trading volume of 4,223,406 shares, compared with an average volume of 2,973,813. The company has a market capitalization of $ 63.14 billion, a P / E ratio of 9.95 and a beta of 1.08. Rio Tinto plc ADR has a 52-week minimum of $ 45.62 and a 60-week high of $ 60.72. The company has a current ratio of 1.77, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27.
About Rio Tinto
Rio Tinto plc, a mining and metals company, explores, develops, produces and processes minerals and metals around the world. It discovers, extracts and transforms mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide and salt), iron ore, thermal and metallurgical coal, uranium, lead carbonate and lead. selenium.
See also: What is NASDAQ?
Get news and ratings for Rio Tinto Daily – Enter your email address below to receive a concise daily summary of the latest news and badyst reviews for Rio Tinto and related companies with MarketBeat.com's FREE daily e-newsletter.
Source link
