Persium Advisors LLC Acquires New Position in Rio Tinto Group (NYSE:RIO)

Persium Advisors LLC acquired a new position in shares of Rio Tinto Group (NYSE:RIOFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,178 shares of the mining company’s stock, valued at approximately $422,000.

Several other large investors have also recently added to or reduced their stakes in RIO. Winch Advisory Services LLC acquired a new stake in Rio Tinto Group in the 3rd quarter valued at approximately $26,000. GHP Investment Advisors Inc. bought a new stake in shares of Rio Tinto Group during the 2nd quarter worth about $26,000. FSC Wealth Advisors LLC bought a new position in shares of Rio Tinto Group in the third quarter valued at approximately $28,000. Sound Income Strategies LLC increased its stake in shares of Rio Tinto Group by 70.9% during the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after acquiring an additional 173 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in Rio Tinto Group in the third quarter worth approximately $38,000. 19.33% of the stock is owned by institutional investors and hedge funds.

Rio Tinto Group Stock Performance

Shares of RIO stock traded up $0.72 during trading on Monday, reaching $59.56. The company had a trading volume of 2,285,620 shares, compared to its average volume of 2,951,010. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The company has a market capitalization of $74.62 billion, a PE ratio of 8.64, a PEG ratio of 0.38 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.16. The firm’s 50 day simple moving average is $61.51 and its two-hundred day simple moving average is $63.74.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on RIO

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.

See Also

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

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