Vectors Research Management LLC Has $590,000 Stock Position in Rio Tinto Group (NYSE:RIO)

Vectors Research Management LLC raised its holdings in Rio Tinto Group (NYSE:RIO) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,283 shares of the mining company’s stock after buying an additional 364 shares during the quarter. Vectors Research Management LLC’s holdings in Rio Tinto Group were worth $590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RIO. Russell Investments Group Ltd. lifted its position in shares of Rio Tinto Group by 0.4% during the first quarter. Russell Investments Group Ltd. now owns 39,964 shares of the mining company’s stock valued at $2,547,000 after purchasing an additional 147 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Rio Tinto Group by 9.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,808 shares of the mining company’s stock worth $129,000 after buying an additional 159 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its stake in shares of Rio Tinto Group by 1.1% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 14,997 shares of the mining company’s stock worth $989,000 after buying an additional 163 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Rio Tinto Group by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 7,304 shares of the mining company’s stock worth $465,000 after buying an additional 169 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Rio Tinto Group by 70.9% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock valued at $30,000 after acquiring an additional 173 shares in the last quarter. 19.33% of the stock is currently owned by institutional investors.

Rio Tinto Group Trading Down 0.3 %

Shares of NYSE RIO opened at $60.42 on Friday. The business has a 50-day simple moving average of $65.42 and a two-hundred day simple moving average of $66.15. Rio Tinto Group has a 52 week low of $59.35 and a 52 week high of $75.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

Analyst Upgrades and Downgrades

RIO has been the topic of several research analyst reports. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. HSBC upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report 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. Finally, Royal Bank of Canada raised shares of Rio Tinto Group to a “hold” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rio Tinto Group 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.