FORA Capital LLC Invests $1.64 Million in Rio Tinto Group (NYSE:RIO)

FORA Capital LLC bought a new stake in Rio Tinto Group (NYSE:RIO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,987 shares of the mining company's stock, valued at approximately $1,636,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company's stock valued at $164,493,000 after buying an additional 1,738,752 shares during the period. Natixis Advisors LLC lifted its stake in shares of Rio Tinto Group by 8.7% in the 2nd quarter. Natixis Advisors LLC now owns 695,731 shares of the mining company's stock valued at $45,870,000 after purchasing an additional 55,967 shares during the period. Philip James Wealth Mangement LLC bought a new position in shares of Rio Tinto Group in the 3rd quarter worth $1,345,000. Fisher Asset Management LLC boosted its position in shares of Rio Tinto Group by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company's stock worth $1,247,475,000 after purchasing an additional 485,731 shares during the last quarter. Finally, First City Capital Management Inc. grew its stake in shares of Rio Tinto Group by 118.5% during the second quarter. First City Capital Management Inc. now owns 15,178 shares of the mining company's stock worth $1,001,000 after purchasing an additional 8,230 shares during the period. Institutional investors own 19.33% of the company's stock.

Rio Tinto Group Price Performance

Shares of RIO traded up $0.29 on Thursday, hitting $62.32. The company's stock had a trading volume of 1,712,837 shares, compared to its average volume of 2,735,135. 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 fifty day moving average price is $65.54 and its 200-day moving average price is $65.66. Rio Tinto Group has a fifty-two week low of $59.35 and a fifty-two week high of $75.09.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RIO. Macquarie reissued a "neutral" rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. StockNews.com downgraded shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th. Berenberg Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised shares of Rio Tinto Group to a "hold" rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

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.