Dynamic Advisor Solutions LLC Buys New Position in Rio Tinto PLC $RIO

Dynamic Advisor Solutions LLC purchased a new position in Rio Tinto PLC (NYSE:RIO) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 35,432 shares of the mining company’s stock, valued at approximately $3,364,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RIO. AdvisorNet Financial Inc increased its holdings in shares of Rio Tinto by 160.2% in the first quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. Nvest Wealth Strategies Inc. purchased a new position in Rio Tinto in the fourth quarter valued at $28,000. Evelyn Partners Investment Management LLP purchased a new stake in shares of Rio Tinto during the 4th quarter worth about $34,000. V Square Quantitative Management LLC purchased a new position in Rio Tinto during the first quarter worth approximately $35,000. Finally, Glen Eagle Advisors LLC grew its stake in Rio Tinto by 32.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company’s stock valued at $36,000 after acquiring an additional 110 shares during the period. 19.33% of the stock is owned by hedge funds and other institutional investors.

Rio Tinto Price Performance

Shares of RIO opened at $99.71 on Friday. Rio Tinto PLC has a 52-week low of $60.22 and a 52-week high of $112.58. The stock has a fifty day simple moving average of $96.98 and a two-hundred day simple moving average of $96.62. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29.

Rio Tinto Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, August 14th will be issued a $2.11 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a dividend yield of 438.0%.

Key Headlines Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Rio Tinto and BHP were summoned to a critical-minerals meeting with President Donald Trump. The engagement could improve Rio’s access to U.S. policy support, strategic partnerships and future demand for minerals such as copper. Rio Tinto, BHP summoned to critical minerals meeting with Trump
• Positive Sentiment: Rio Tinto is emphasizing the Rhodes Ridge and Simandou developments to support long-term iron ore growth as steel demand changes. Successful execution could help offset pressure from mature operations and strengthen future production. Rio Tinto leans on Rhodes Ridge and Simandou to secure iron ore growth as demand shifts
• Neutral Sentiment: Private-equity firms including Blackstone and KKR are reportedly interested in assets involved in Rio Tinto’s potential $3 billion sale. Interest could validate asset values and generate capital, though the final proceeds and strategic impact remain uncertain. Rio Tinto’s $3B asset sale lures private equity giants
• Negative Sentiment: China’s state iron ore buyer reportedly told steel mills to stop negotiating with Rio Tinto. The move raises concerns about strained commercial relations, weaker negotiating power and possible pressure on iron ore pricing or sales volumes. China’s state iron ore buyer tells steel mills to stop negotiating with Rio Tinto
• Negative Sentiment: Zacks Research downgraded RIO from “hold” to “strong sell,” adding to analyst-driven selling pressure. Zacks Research
• Negative Sentiment: Traders purchased roughly 7,236 Rio Tinto put options, about 85% above typical daily volume. Although options activity is not definitive, it signals increased demand for downside protection or bearish speculation.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Berenberg Bank set a $113.00 price target on Rio Tinto in a research report on Thursday, July 30th. Zacks Research cut shares of Rio Tinto from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Royal Bank Of Canada lowered shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. Argus set a $120.00 price target on shares of Rio Tinto in a research note on Monday, April 27th. Finally, Morgan Stanley lowered shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.50.

About Rio Tinto

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.