Marks Group Wealth Management Inc Boosts Stock Holdings in Rio Tinto PLC $RIO

Marks Group Wealth Management Inc increased its stake in Rio Tinto PLC (NYSE:RIO) by 298.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,558 shares of the mining company’s stock after acquiring an additional 10,904 shares during the period. Marks Group Wealth Management Inc’s holdings in Rio Tinto were worth $1,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RIO. Arrowstreet Capital Limited Partnership grew its stake in Rio Tinto by 170.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,886,335 shares of the mining company’s stock worth $311,023,000 after purchasing an additional 2,451,140 shares in the last quarter. Milford Funds Ltd. acquired a new stake in Rio Tinto in the 4th quarter valued at about $93,143,000. Deutsche Bank AG raised its position in Rio Tinto by 102.6% in the 4th quarter. Deutsche Bank AG now owns 2,216,935 shares of the mining company’s stock valued at $177,421,000 after purchasing an additional 1,122,667 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Rio Tinto by 144.7% in the 4th quarter. Natixis Advisors LLC now owns 1,587,387 shares of the mining company’s stock valued at $127,039,000 after buying an additional 938,687 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Rio Tinto by 31.9% in the 3rd quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company’s stock valued at $208,430,000 after buying an additional 763,786 shares during the period. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

More Rio Tinto News

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

• Positive Sentiment: Rio Tinto reported an 18% sequential increase in Q2 Pilbara iron ore shipments, and first-half Pilbara production was the highest since 2018, a sign that its core iron ore business is running well and supporting revenue. Rio Tinto Reports 18% Sequential Increase in Q2 Iron Ore Shipments
• Positive Sentiment: The company said copper unit costs fell sharply and it kept full-year guidance unchanged, which suggests better operational efficiency even as the commodity backdrop remains mixed. Rio Tinto cuts copper unit costs nearly in half for 2026
• Positive Sentiment: Rio Tinto also increased first-half copper-equivalent production by 3%, reinforcing the view that growth across the portfolio is continuing. Rio Tinto releases second quarter 2026 production results
• Neutral Sentiment: Rio Tinto and Mongolia reached an agreement related to the Oyu Tolgoi project loan terms, which may help support the long-term copper project but is not an immediate earnings driver. Mongolia Copper and Gold Project Progress Asserts Rio Tinto PLC ADR (RIO) as a Top Dividend Stock to Invest In
• Negative Sentiment: Some reports noted mixed Q2 output and rising costs tied to geopolitical tensions, suggesting investors may be focused on margin pressure outside iron ore. Mideast tensions push up Rio Tinto’s costs
• Negative Sentiment: One market report also highlighted that Rio Tinto lowered copper cost guidance, which can be read as a cautionary sign that the company is still working through cost challenges in that segment. Rio Tinto iron ore shipments rise; copper cost guidance lowered

Analysts Set New Price Targets

A number of research firms recently weighed in on RIO. Zacks Research lowered shares of Rio Tinto from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada downgraded shares of Rio Tinto from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, June 3rd. Morgan Stanley cut shares of Rio Tinto from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rio Tinto in a research report on Wednesday, May 20th. Finally, DZ Bank upgraded shares of Rio Tinto from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.75.

Rio Tinto Stock Down 3.2%

Shares of NYSE RIO opened at $90.64 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $100.50 and a two-hundred day moving average of $95.44. Rio Tinto PLC has a 1 year low of $58.40 and a 1 year high of $112.58.

Rio Tinto Company 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.