180 Wealth Advisors LLC Boosts Holdings in Rio Tinto Group (NYSE:RIO)

180 Wealth Advisors LLC increased its position in shares of Rio Tinto Group (NYSE:RIO) by 33.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,681 shares of the mining company’s stock after buying an additional 2,938 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Rio Tinto Group were worth $687,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RIO. Bank of Montreal Can raised its position in Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock valued at $164,493,000 after purchasing an additional 1,738,752 shares during the period. Philip James Wealth Mangement LLC acquired a new stake in shares of Rio Tinto Group during the 3rd quarter worth about $1,345,000. Fisher Asset Management LLC raised its holdings in Rio Tinto Group by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock valued at $1,247,475,000 after buying an additional 485,731 shares during the period. Barclays PLC lifted its position in Rio Tinto Group by 225.6% in the third quarter. Barclays PLC now owns 335,637 shares of the mining company’s stock valued at $23,888,000 after buying an additional 232,539 shares during the last quarter. Finally, Northwest Bancshares Inc. purchased a new position in Rio Tinto Group during the third quarter worth about $1,440,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RIO has been the topic of a number of research analyst reports. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group decreased their price target on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Trading Up 1.5 %

NYSE RIO opened at $60.41 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70. The firm has a market cap of $75.69 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.38 and a beta of 0.66. The firm has a 50 day simple moving average of $61.30 and a 200-day simple moving average of $63.66. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24.

Rio Tinto Group Profile

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.