Dynamic Advisor Solutions LLC Invests $3.36 Million in Rio Tinto PLC $RIO

Dynamic Advisor Solutions LLC purchased a new stake in shares of Rio Tinto PLC (NYSE:RIO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,432 shares of the mining company’s stock, valued at approximately $3,364,000.

A number of other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc lifted its stake in shares of Rio Tinto by 160.2% during the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company’s stock valued at $27,000 after buying an additional 181 shares in the last quarter. Nvest Wealth Strategies Inc. purchased a new position in Rio Tinto in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in Rio Tinto in the 1st quarter worth approximately $35,000. Costello Asset Management INC bought a new position in Rio Tinto in the 1st quarter worth approximately $37,000. Finally, Evelyn Partners Investment Management LLP bought a new position in Rio Tinto in the 4th quarter worth approximately $34,000. 19.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RIO. Morgan Stanley cut shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 8th. DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Sanford C. Bernstein raised their target price on shares of Rio Tinto from $82.00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto in a report on Thursday, July 9th. Finally, Berenberg Bank set a $113.00 price objective on shares of Rio Tinto in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.50.

Rio Tinto Stock Performance

RIO opened at $99.71 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $96.98 and its 200-day moving average price is $96.62. Rio Tinto PLC has a one year low of $60.22 and a one year high of $112.58.

Rio Tinto Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, August 14th will be given a dividend of $2.11 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a dividend yield of 438.0%.

Key Headlines Impacting Rio Tinto

Here are the key news stories impacting Rio Tinto this week:

• Positive Sentiment: Rio Tinto and BHP were summoned to a critical-minerals meeting with President Donald Trump. The engagement could improve Rio’s access to U.S. policy support, strategic partnerships and future demand for minerals such as copper. Rio Tinto, BHP summoned to critical minerals meeting with Trump
• Positive Sentiment: Rio Tinto is emphasizing the Rhodes Ridge and Simandou developments to support long-term iron ore growth as steel demand changes. Successful execution could help offset pressure from mature operations and strengthen future production. Rio Tinto leans on Rhodes Ridge and Simandou to secure iron ore growth as demand shifts
• Neutral Sentiment: Private-equity firms including Blackstone and KKR are reportedly interested in assets involved in Rio Tinto’s potential $3 billion sale. Interest could validate asset values and generate capital, though the final proceeds and strategic impact remain uncertain. Rio Tinto’s $3B asset sale lures private equity giants
• Negative Sentiment: China’s state iron ore buyer reportedly told steel mills to stop negotiating with Rio Tinto. The move raises concerns about strained commercial relations, weaker negotiating power and possible pressure on iron ore pricing or sales volumes. China’s state iron ore buyer tells steel mills to stop negotiating with Rio Tinto
• Negative Sentiment: Zacks Research downgraded RIO from “hold” to “strong sell,” adding to analyst-driven selling pressure. Zacks Research
• Negative Sentiment: Traders purchased roughly 7,236 Rio Tinto put options, about 85% above typical daily volume. Although options activity is not definitive, it signals increased demand for downside protection or bearish speculation.

Rio Tinto Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.