Uncommon Cents Investing LLC Buys 175 Shares of Rio Tinto Group (NYSE:RIO)

Uncommon Cents Investing LLC increased its stake in Rio Tinto Group (NYSE:RIO) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,265 shares of the mining company’s stock after buying an additional 175 shares during the period. Rio Tinto Group accounts for 1.1% of Uncommon Cents Investing LLC’s portfolio, making the stock its 26th largest position. Uncommon Cents Investing LLC’s holdings in Rio Tinto Group were worth $3,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Rio Tinto Group during the fourth quarter valued at approximately $7,954,000. Sei Investments Co. increased its position in shares of Rio Tinto Group by 18.3% during the third quarter. Sei Investments Co. now owns 721,662 shares of the mining company’s stock valued at $45,926,000 after acquiring an additional 111,623 shares in the last quarter. Morgan Stanley increased its position in shares of Rio Tinto Group by 2.7% during the third quarter. Morgan Stanley now owns 4,464,344 shares of the mining company’s stock valued at $284,111,000 after acquiring an additional 118,706 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Rio Tinto Group by 88.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,221 shares of the mining company’s stock valued at $612,000 after acquiring an additional 3,852 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Rio Tinto Group during the fourth quarter valued at approximately $4,319,000. 19.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Berenberg Bank downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Citigroup downgraded shares of Rio Tinto Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Finally, StockNews.com upgraded shares of Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Rio Tinto Group currently has an average rating of “Moderate Buy”.

Rio Tinto Group Stock Up 2.9 %

RIO stock traded up $1.89 on Thursday, hitting $67.90. The company had a trading volume of 2,029,388 shares, compared to its average volume of 1,683,984. Rio Tinto Group has a 12-month low of $58.27 and a 12-month high of $75.09. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $68.78 and its 200 day simple moving average is $68.02.

Rio Tinto Group Profile

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.