Gilman Hill Asset Management LLC Acquires 8,716 Shares of Rio Tinto Group (NYSE:RIO)

Gilman Hill Asset Management LLC raised its holdings in Rio Tinto Group (NYSE:RIOFree Report) by 17.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,362 shares of the mining company’s stock after purchasing an additional 8,716 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Rio Tinto Group were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of RIO. Northwest Investment Counselors LLC purchased a new position in shares of Rio Tinto Group during the 1st quarter valued at $26,000. AdvisorNet Financial Inc lifted its position in shares of Rio Tinto Group by 785.7% during the 4th quarter. AdvisorNet Financial Inc now owns 372 shares of the mining company’s stock valued at $28,000 after buying an additional 330 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Rio Tinto Group by 39.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 553 shares of the mining company’s stock valued at $41,000 after buying an additional 156 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of Rio Tinto Group by 250.6% during the 4th quarter. Financial Management Professionals Inc. now owns 617 shares of the mining company’s stock valued at $46,000 after buying an additional 441 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Rio Tinto Group during the 4th quarter valued at $47,000. Institutional investors own 19.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RIO. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Liberum Capital reissued a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, March 5th. Finally, Citigroup cut Rio Tinto Group from a “buy” rating to a “neutral” rating in a report on Monday, May 20th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Read Our Latest Report on RIO

Rio Tinto Group Trading Down 0.0 %

Shares of NYSE:RIO traded down $0.03 on Tuesday, hitting $66.42. The company’s stock had a trading volume of 811,003 shares, compared to its average volume of 2,754,279. The company has a 50-day simple moving average of $68.83 and a 200 day simple moving average of $68.21. Rio Tinto Group has a 1 year low of $58.27 and a 1 year high of $75.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.69.

About Rio Tinto Group

(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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Institutional Ownership by Quarter for Rio Tinto Group (NYSE:RIO)

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