Rio Tinto PLC $RIO Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors raised its stake in Rio Tinto by 9.3% in Q3, buying 171,716 shares to hold 2,009,293 shares worth about $132.6 million (0.16% of the company).
• Rio Tinto declared a $2.54 dividend payable April 16 to shareholders of record on March 6 (ex-dividend date March 6), a payout the article reports as a 564.0% yield.
• Corporate developments: Rio secured a roughly $1.175 billion financing package for the Rincon lithium project and raised its Q2 Japan aluminum offer to multi‑year highs, but faces risks from Mongolian renegotiation at Oyu Tolgoi and iron‑ore inventory concerns; analysts’ consensus is a Hold with a $81 price target.

Dimensional Fund Advisors LP raised its holdings in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 9.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,009,293 shares of the mining company's stock after purchasing an additional 171,716 shares during the period. Dimensional Fund Advisors LP owned 0.16% of Rio Tinto worth $132,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RIO. Cresset Asset Management LLC increased its stake in shares of Rio Tinto by 21.3% in the third quarter. Cresset Asset Management LLC now owns 6,731 shares of the mining company's stock worth $444,000 after acquiring an additional 1,183 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Rio Tinto by 3.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 697,770 shares of the mining company's stock valued at $46,060,000 after purchasing an additional 26,400 shares during the last quarter. Manske Wealth Management grew its position in Rio Tinto by 1.1% during the 3rd quarter. Manske Wealth Management now owns 36,722 shares of the mining company's stock worth $2,424,000 after purchasing an additional 413 shares during the period. Fisher Asset Management LLC grew its position in Rio Tinto by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 19,120,168 shares of the mining company's stock worth $1,262,122,000 after purchasing an additional 557,234 shares during the period. Finally, Aprio Wealth Management LLC purchased a new position in shares of Rio Tinto during the 3rd quarter valued at about $204,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Rio Tinto Price Performance

Rio Tinto stock opened at $92.16 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. The business has a 50 day simple moving average of $91.88 and a 200-day simple moving average of $77.35. Rio Tinto PLC has a 12 month low of $51.67 and a 12 month high of $101.53.

Rio Tinto Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, April 16th. Investors of record on Friday, March 6th will be issued a $2.54 dividend. This represents a yield of 564.0%. The ex-dividend date of this dividend is Friday, March 6th.

Analyst Ratings Changes

RIO has been the topic of a number of recent research reports. HSBC downgraded Rio Tinto from a "buy" rating to a "hold" rating in a research note on Monday, January 26th. Erste Group Bank upgraded Rio Tinto from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Sanford C. Bernstein lowered their price objective on Rio Tinto from $83.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday. Weiss Ratings raised shares of Rio Tinto from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Finally, Citigroup raised shares of Rio Tinto to a "hold" rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $81.00.

Rio Tinto News Roundup

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

• Positive Sentiment: Rio secured a roughly $1.175bn financing package for its Rincon lithium project in Argentina, supporting development of the ~$2.5bn project targeting ~60,000 tpa battery‑grade lithium carbonate — a clear funding and execution milestone that de‑risks Rio’s lithium growth profile. Rio Tinto secures $1.175 billion financing package for Rincon lithium project in Argentina
• Positive Sentiment: Rio said it raised its Q2 Japan aluminum offer to the highest premium since 2015 — signaling tighter aluminum markets/pricing that could boost revenue and margins for Rio’s aluminum segment. Rio Tinto raises Q2 Japan aluminum offer to highest premium since 2015
• Positive Sentiment: Analyst commentary and coverage highlight that RIO has surged ~65% over six months on rising copper output, first production at Johnson Camp and major lithium & iron‑ore projects — reinforcing momentum expectations for growth. Should You Buy Rio Tinto Stock After a 64.9% Rally in 6 Months?
• Neutral Sentiment: Partner Domestic Metals reports advancement of a Rio Tinto JV Smart Creek exploration project and is “eyeing a major discovery” — an early‑stage upside catalyst but speculative until drill results confirm commercial resources. Domestic Metals Advances Rio Tinto JV Smart Creek Project, Eyes Major Discovery
• Negative Sentiment: Mongolian authorities are pressing to renegotiate commercial terms for the giant Oyu Tolgoi copper mine and Rio says it is in active negotiations — heightening political and contract risk for one of Rio’s flagship copper assets. Rio Tinto in ‘Active Negotiations' With Mongolia Over Oyu Tolgoi Copper Mine
• Negative Sentiment: Major broker actions: J.P. Morgan downgraded Rio to a Hold and Sanford C. Bernstein cut its price target to $77 — analyst moves that can pressure near‑term sentiment and cap upside. Rio Tinto (RIO) was downgraded to a Hold Rating at J.P. Morgan
• Negative Sentiment: UBS warns that Chinese port iron‑ore inventories are near multi‑year highs, risking a supply overhang that could weaken iron‑ore prices — a key price driver for Rio’s iron‑ore earnings. Rio Tinto and BHP face iron ore inventory warning as prices recover from Chinese New Year lows

About Rio Tinto

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.

Want to see what other hedge funds are holding RIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rio Tinto PLC (NYSE:RIO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.