Courier Capital LLC Buys 219 Shares of Rio Tinto Group (NYSE:RIO)

Courier Capital LLC increased its stake in shares of Rio Tinto Group (NYSE:RIO) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,416 shares of the mining company’s stock after purchasing an additional 219 shares during the quarter. Courier Capital LLC’s holdings in Rio Tinto Group were worth $1,026,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Rio Tinto Group by 55.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 415 shares of the mining company’s stock valued at $26,000 after purchasing an additional 148 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Rio Tinto Group during the 2nd quarter valued at approximately $26,000. Winch Advisory Services LLC bought a new position in shares of Rio Tinto Group during the 3rd quarter valued at approximately $26,000. FSC Wealth Advisors LLC bought a new position in shares of Rio Tinto Group during the 3rd quarter valued at approximately $28,000. Finally, Sound Income Strategies LLC increased its position in shares of Rio Tinto Group by 70.9% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RIO. StockNews.com raised Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 6th. Royal Bank of Canada raised Rio Tinto Group to a “hold” rating in a research report on Wednesday, July 31st. Hsbc Global Res raised Rio Tinto Group to a “strong-buy” rating in a research report on Tuesday, July 23rd. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, HSBC raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Rio Tinto Group currently has a consensus rating of “Moderate Buy”.

Rio Tinto Group Stock Down 1.5 %

Shares of RIO stock opened at $64.49 on Thursday. Rio Tinto Group has a twelve month low of $59.35 and a twelve month high of $75.09. The stock has a fifty day simple moving average of $64.77 and a two-hundred day simple moving average of $66.37. 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 Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, August 16th were issued a $1.77 dividend. This represents a dividend yield of 6.8%. The ex-dividend date was Friday, August 16th.

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.