Rio Tinto Group (NYSE:RIO) Upgraded by StockNews.com to Strong-Buy

Rio Tinto Group (NYSE:RIOGet Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Several other research analysts also recently commented on the company. Liberum Capital reissued a “hold” rating on shares of Rio Tinto Group in a research note on Tuesday, March 5th. Citigroup cut shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Monday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Read Our Latest Research Report on RIO

Rio Tinto Group Trading Down 1.7 %

Shares of RIO stock opened at $72.21 on Tuesday. Rio Tinto Group has a fifty-two week low of $58.27 and a fifty-two week high of $75.09. The stock’s fifty day moving average price is $66.89 and its two-hundred day moving average price is $68.17. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Meritage Portfolio Management raised its stake in shares of Rio Tinto Group by 0.3% during the fourth quarter. Meritage Portfolio Management now owns 42,192 shares of the mining company’s stock valued at $3,142,000 after acquiring an additional 147 shares during the last quarter. Russell Investments Group Ltd. raised its position in Rio Tinto Group by 0.4% during the 1st quarter. Russell Investments Group Ltd. now owns 39,964 shares of the mining company’s stock worth $2,547,000 after purchasing an additional 147 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Rio Tinto Group by 55.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock worth $26,000 after buying an additional 148 shares during the period. Dana Investment Advisors Inc. increased its stake in shares of Rio Tinto Group by 0.5% in the third quarter. Dana Investment Advisors Inc. now owns 29,483 shares of the mining company’s stock valued at $1,876,000 after buying an additional 150 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Rio Tinto Group by 8.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,922 shares of the mining company’s stock worth $143,000 after acquiring an additional 150 shares during the last quarter. Institutional investors 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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Analyst Recommendations for Rio Tinto Group (NYSE:RIO)

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