14,308 Rio Tinto PLC $RIO Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. trimmed its holdings in Rio Tinto PLC (NYSE:RIO) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,560 shares of the mining company’s stock after selling 14,308 shares during the period. Salem Investment Counselors Inc.’s holdings in Rio Tinto were worth $8,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RIO. Tidal Investments LLC grew its position in shares of Rio Tinto by 17.9% in the second quarter. Tidal Investments LLC now owns 115,936 shares of the mining company’s stock valued at $11,006,000 after purchasing an additional 17,597 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Rio Tinto by 43.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 100,630 shares of the mining company’s stock worth $9,403,000 after purchasing an additional 30,373 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Rio Tinto during the 2nd quarter worth about $3,957,000. Cidel Asset Management Inc. boosted its stake in Rio Tinto by 101.1% in the 2nd quarter. Cidel Asset Management Inc. now owns 241,718 shares of the mining company’s stock worth $22,946,000 after purchasing an additional 121,537 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new position in Rio Tinto in the 2nd quarter worth about $3,364,000. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Rio Tinto in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of Rio Tinto in a report on Wednesday, July 15th. Berenberg Bank reiterated a “buy” rating on shares of Rio Tinto in a research note on Wednesday, September 30th. Jefferies Financial Group reissued a “neutral” rating on shares of Rio Tinto in a report on Thursday, August 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.62.

Key Headlines Impacting Rio Tinto

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

• Positive Sentiment: Iron ore sales exceeded expectations. Third-quarter iron ore sales increased 2% year over year, while global iron ore sales rose 3% year to date. The stronger shipments support near-term revenue and cash-flow expectations. Rio Tinto posts 2% rise in third-quarter iron ore sales
• Positive Sentiment: Copper operations continued to improve. Oyu Tolgoi copper production rose 29% year to date, reaching an approximately 450,000-ton annualized production rate during the quarter. This strengthens Rio Tinto’s exposure to potentially favorable long-term copper demand. Rio Tinto releases third quarter 2026 production results
• Positive Sentiment: Simandou is ramping up. The Guinea iron ore project reached an annualized production run rate of roughly 10 million tonnes in the quarter, providing a potential source of future volume growth as commissioning progresses. Rio Tinto third-quarter 2026 production results
• Neutral Sentiment: Analysts modestly raised earnings estimates but kept a Hold rating. Erste Group lifted its FY2026 EPS forecast to $8.48 from $8.45 and its FY2027 forecast to $8.59 from $8.44, only slightly above the broader FY2026 consensus of $8.41. Rio Tinto analyst estimates
• Negative Sentiment: Project and investment uncertainty remains. Rio Tinto is approaching a decision on the Kangwinan bauxite expansion in Cape York amid uncertainty surrounding the broader Aurukun development, potentially delaying growth investment or adding execution risk. Rio Tinto Cape York bauxite expansion decision

Rio Tinto Stock Down 1.3%

Shares of NYSE RIO opened at $93.10 on Wednesday. Rio Tinto PLC has a one year low of $66.49 and a one year high of $112.58. The firm’s 50 day simple moving average is $98.90 and its two-hundred day simple moving average is $98.58. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29.

Rio Tinto Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 24th. Investors of record on Friday, August 14th were given a $2.11 dividend. This represents a yield of 441.0%. The ex-dividend date was Friday, August 14th.

Rio Tinto Company Profile

Rio Tinto plc is a global mining and metals company that explores for, develops, and operates mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks, and salt. The company supplies raw materials to industries such as construction, manufacturing, transportation, packaging, and renewable energy.

Rio Tinto’s iron ore business is concentrated in Western Australia’s Pilbara region, while its aluminum operations span bauxite mining, alumina refining, and aluminum smelting in several countries.