Rio Tinto Group (NYSE:RIO) Sets New 52-Week Low - Should You Sell?

Rio Tinto Group (NYSE:RIO - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $58.19 and last traded at $58.37, with a volume of 560408 shares changing hands. The stock had previously closed at $58.77.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Macquarie reiterated a "neutral" rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Berenberg Bank raised shares of Rio Tinto Group from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Rio Tinto Group Price Performance

The business has a fifty day moving average price of $62.37 and a 200 day moving average price of $64.11. The company has a market cap of $73.42 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Rio Tinto Group by 12.2% during the 4th quarter. GAMMA Investing LLC now owns 1,861 shares of the mining company's stock worth $109,000 after purchasing an additional 203 shares in the last quarter. SPX Gestao de Recursos Ltda increased its holdings in shares of Rio Tinto Group by 1,773.2% during the third quarter. SPX Gestao de Recursos Ltda now owns 426,922 shares of the mining company's stock worth $30,384,000 after buying an additional 404,131 shares in the last quarter. DGS Capital Management LLC lifted its stake in shares of Rio Tinto Group by 22.2% in the 3rd quarter. DGS Capital Management LLC now owns 16,797 shares of the mining company's stock valued at $1,195,000 after acquiring an additional 3,057 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Rio Tinto Group by 16.2% during the 3rd quarter. Tidal Investments LLC now owns 122,623 shares of the mining company's stock valued at $8,727,000 after acquiring an additional 17,052 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Rio Tinto Group during the 3rd quarter worth $218,000. Institutional investors own 19.33% of the company's stock.

Rio Tinto Group Company 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.