VectorGlobal IAG Inc. Acquires New Stake in Rio Tinto PLC $RIO

VectorGlobal IAG Inc. acquired a new position in Rio Tinto PLC (NYSE:RIO) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,349 shares of the mining company’s stock, valued at approximately $779,000.

Other hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in Rio Tinto during the first quarter valued at about $84,000. AQR Capital Management LLC lifted its stake in Rio Tinto by 78.4% in the first quarter. AQR Capital Management LLC now owns 12,087 shares of the mining company’s stock valued at $726,000 after acquiring an additional 5,310 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Rio Tinto by 20.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,485 shares of the mining company’s stock worth $690,000 after purchasing an additional 1,968 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Rio Tinto by 5.8% during the 1st quarter. Empowered Funds LLC now owns 5,280 shares of the mining company’s stock worth $317,000 after acquiring an additional 288 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in Rio Tinto by 16.7% during the first quarter. Focus Partners Wealth now owns 15,985 shares of the mining company’s stock worth $962,000 after purchasing an additional 2,285 shares during the period. 19.33% of the stock is owned by hedge funds and other institutional investors.

Rio Tinto Stock Performance

Shares of Rio Tinto stock opened at $96.71 on Monday. The firm has a fifty day moving average of $97.54 and a two-hundred day moving average of $96.23. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29. Rio Tinto PLC has a 52 week low of $58.40 and a 52 week high of $112.58.

Rio Tinto Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RIO shares. The Goldman Sachs Group upgraded shares of Rio Tinto from a “neutral” rating to a “buy” rating in a report on Wednesday, July 29th. DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Bank of America lowered Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. Zacks Research lowered shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada cut Rio Tinto from a “sector perform” rating to an “underperform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.50.

Rio Tinto News Summary

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

• Positive Sentiment: Berenberg upgraded Rio Tinto to Buy from Hold and raised its price target to $113 from $107, implying additional upside from recent trading levels. Berenberg Upgrades Rio Tinto to Buy From Hold, Raises Price Target to $113 From $107
• Positive Sentiment: Goldman Sachs also upgraded Rio Tinto to Buy, citing progress in the company’s simplification strategy. The second bullish rating from a major bank may improve sentiment toward the shares. The Goldman Sachs Group Upgrades Rio Tinto to Buy
• Positive Sentiment: Rio Tinto reported strong first-half 2026 results, including $31.0 billion in sales and $6.7 billion in net income. Separate analysis highlighted a 75% increase in free cash flow to $3.8 billion, 43% growth in underlying earnings to $6.9 billion and a $3.4 billion dividend payout. Rio Tinto posts highest H1 earnings in four years on higher commodity prices, production
• Positive Sentiment: The company declared a dividend of $2.11 per share, payable September 24 to shareholders of record August 14. The payout supports Rio Tinto’s income appeal, though investors should account for the approaching ex-dividend date.
• Neutral Sentiment: Rio Tinto’s valuation remains a focus after its strong share-price performance. Analysts described the stock as trading at roughly 11 times forward earnings, below the mining-sector average, while noting that its year-to-date and one-year returns have already been substantial. Where Does Rio Tinto Group Valuation Sit After Half Year 2026 Earnings?
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast to $8.34 from $8.45 and its FY2027 forecast to $8.27 from $8.37. Although the estimates remain near consensus, the reductions could limit near-term enthusiasm. Erste Group lowers Rio Tinto earnings estimates

Rio Tinto Company Profile

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.