1 week Ago By ABMN Staff
StockNews.com upgraded shares of Rio Tinto Group ( NYSE:RIO – Free Report ) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning. Other equities analysts have also recently issued research reports about the company.
HSBC upgraded Rio Tinto Group from a hold rating to a buy rating in a report on Tuesday, July 23rd. Hsbc Global Res raised shares of Rio Tinto Group to a strong-buy rating in a research note on Tuesday, July 23rd. Berenberg Bank lowered Rio Tinto Group from a buy rating to a hold rating in a research report on Thursday, June 27th.
Citigroup downgraded Rio Tinto Group from a buy rating to a neutral rating in a research report on Monday, May 20th. Finally, Royal Bank of Canada upgraded Rio Tinto Group to a hold rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy. Check Out Our Latest Stock Report on Rio Tinto Group Rio Tinto Group Stock Performance Rio Tinto Group Cuts Dividend The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th.
Stockholders of record on Friday, August 16th will be issued a $1.77 dividend. The ex-dividend date is Friday, August 16th.
This represents a dividend yield of 6.8%. Hedge Funds Weigh In On Rio Tinto Group A number of large investors have recently bought and sold shares of the business.
Wellington Management Group LLP raised its position in shares of Rio Tinto Group by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 24,838,524 shares of the mining company’s stock valued at $1,849,476,000 after buying an additional 1,644,751 shares during the last quarter.
Fisher Asset Management LLC increased its holdings in shares of Rio Tinto Group by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 16,019,748 shares of the mining company’s stock worth $1,192,830,000 after buying an additional 449,536 shares during the last quarter.
Bank of Montreal Can raised its position in shares of Rio Tinto Group by 237.0% during the 2nd quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock valued at $164,493,000 after buying an additional 1,738,752 shares during the period.
Earnest Partners LLC grew its position in Rio Tinto Group by 1.4% in the first quarter. Earnest Partners LLC now owns 1,395,961 shares of the mining company’s stock worth $88,979,000 after acquiring an additional 19,334 shares during the period.
Finally, National Bank of Canada FI increased its stake in Rio Tinto Group by 296.2% during the first quarter. National Bank of Canada FI now owns 1,022,765 shares of the mining company’s stock worth $71,382,000 after acquiring an additional 764,635 shares during the last quarter.
Institutional investors and hedge funds own 19.33% of the company’s stock. About Rio Tinto Group ( Get Free Report ) Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide.
The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.
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