Engineers Gate Manager LP Invests $3.96 Million in Rio Tinto PLC $RIO

Key Points

• Engineers Gate Manager LP acquired 41,680 Rio Tinto shares during the second quarter, valued at approximately $3.96 million. Institutional investors collectively own 19.33% of the company.
• Rio Tinto advanced several growth initiatives, including the Winu copper-gold project in Western Australia, the proposed acquisition of the Aurukun Bauxite Project, and a new copper drilling program in Montana.
• Analyst sentiment remains mixed, with Rio Tinto carrying an overall “Hold” rating and an average price target of $103.12, compared with shares opening at $99.86.

Engineers Gate Manager LP bought a new position in shares of Rio Tinto PLC (NYSE:RIO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 41,680 shares of the mining company's stock, valued at approximately $3,957,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its position in shares of Rio Tinto by 160.2% in the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company's stock worth $27,000 after purchasing an additional 181 shares during the period. Timbuktu Capital Management LLC acquired a new position in Rio Tinto during the 2nd quarter valued at about $28,000. Evelyn Partners Investment Management LLP purchased a new position in shares of Rio Tinto in the 4th quarter valued at approximately $34,000. V Square Quantitative Management LLC purchased a new position in shares of Rio Tinto in the first quarter worth $35,000. Finally, Glen Eagle Advisors LLC lifted its position in Rio Tinto by 32.2% during the 4th quarter. Glen Eagle Advisors LLC now owns 452 shares of the mining company's stock worth $36,000 after acquiring an additional 110 shares during the period. 19.33% of the stock is currently owned by institutional investors.

Key Rio Tinto News

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

• Positive Sentiment: Winu project advances: Rio Tinto and the Nyangumarta Warrarn Aboriginal Corporation signed a project agreement for the proposed Winu copper-gold mine in Western Australia. The agreement improves the project’s social and regulatory foundation and supports Rio’s longer-term copper growth pipeline. Nyangumarta Warrarn Aboriginal Corporation and Rio Tinto sign milestone agreement for Winu Project
• Positive Sentiment: Aurukun adds bauxite potential: Rio agreed to acquire the Aurukun Bauxite Project in Queensland from Glencore and Mitsubishi Development. The deal could expand Rio’s bauxite resource base and strengthen its aluminum supply position, although government approvals, undisclosed financial terms and development risks limit the immediate benefit. Aurukun Deal Gives Rio Tinto More Bauxite Upside, But Risks Remain
• Positive Sentiment: Exploration and technology optionality: Rio’s 40%-owned Smart Creek joint venture in Montana has started a fully funded 9,000-metre copper-focused drilling program, while its graphene-battery partnership with Graphene Manufacturing Group reported no performance loss after 489 rapid charge cycles. These developments provide longer-term growth options but are not yet material earnings drivers. Domestic Metals launches 9,000-metre drill program GMG Announces Long Life Battery Cycling Data
• Neutral Sentiment: Analyst estimates are mixed: Erste Group slightly raised its FY2026 EPS forecast to $8.33 but lowered its FY2027 estimate to $8.31 and maintained a Hold rating. The changes suggest limited near-term earnings momentum. Rio Tinto analyst estimates
• Negative Sentiment: Copper price retreat: Copper-mining shares weakened as copper pulled back from a record high. Rio’s exposure to copper means a sustained decline could pressure sentiment and future revenue expectations, despite the company’s diversified iron ore, aluminum and bauxite operations. U.S.-Listed Copper Mining Stocks Fall as Copper Retreats From Record High

Analyst Ratings Changes

RIO has been the subject of several recent research reports. Zacks Research raised shares of Rio Tinto from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 2nd. Morgan Stanley started coverage on shares of Rio Tinto in a research report on Monday, August 24th. They set an "underweight" rating and a $90.00 price objective for the company. Weiss Ratings upgraded Rio Tinto from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 30th. Berenberg Bank set a $113.00 price objective on shares of Rio Tinto in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein boosted their price target on shares of Rio Tinto from $88.50 to $89.50 and gave the company an "outperform" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $103.12.

Rio Tinto Stock Up 0.5%

Shares of RIO opened at $99.86 on Friday. Rio Tinto PLC has a fifty-two week low of $61.72 and a fifty-two week high of $112.58. 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 firm's 50 day moving average price is $97.65 and its 200 day moving average price is $98.06.

Rio Tinto Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, August 14th will be issued a $2.11 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 441.0%.

About Rio Tinto

Rio Tinto plc is a global mining and metals company with operations and projects spanning approximately 35 countries. Founded in 1873, the company operates through a dual-listed structure in the United Kingdom and Australia, with its American depositary receipts traded on the New York Stock Exchange under the symbol RIO.

The company explores, develops and produces a range of mineral resources. Its principal products include iron ore, aluminum, copper, lithium, borates, titanium dioxide feedstocks and diamonds.

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