D.A. Davidson & CO. lifted its stake in Rio Tinto Group (NYSE:RIO - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,650 shares of the mining company's stock after purchasing an additional 9,107 shares during the quarter. D.A. Davidson & CO.'s holdings in Rio Tinto Group were worth $5,566,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of RIO. FSC Wealth Advisors LLC purchased a new position in shares of Rio Tinto Group in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Rio Tinto Group by 63.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company's stock worth $29,000 after acquiring an additional 195 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Rio Tinto Group during the 3rd quarter worth approximately $38,000. Golden State Wealth Management LLC bought a new stake in shares of Rio Tinto Group during the 4th quarter worth approximately $47,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Rio Tinto Group during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 19.33% of the company's stock.
Rio Tinto Group Stock Performance
Shares of RIO traded down $0.91 during trading hours on Friday, hitting $63.38. The company had a trading volume of 1,419,182 shares, compared to its average volume of 3,179,521. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a one year low of $57.85 and a one year high of $74.24. The company's fifty day moving average price is $60.58 and its two-hundred day moving average price is $62.93.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on RIO shares. Jefferies Financial Group decreased their price target on Rio Tinto Group from $83.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, January 6th. StockNews.com raised Rio Tinto Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Rio Tinto Group presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.
Get Our Latest Analysis 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.
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