Tidal Investments LLC Grows Stake in Rio Tinto PLC $RIO

Key Points

• Tidal Investments increased its Rio Tinto stake by 17.9% in the second quarter, bringing its holdings to 115,936 shares valued at approximately $11.0 million. Institutional investors collectively own 19.33% of the company.
• Rio Tinto advanced several long-term growth initiatives, including the Winu copper-gold project agreement, the proposed acquisition of Queensland’s Aurukun Bauxite Project, and new copper exploration in Montana.
• Analyst sentiment remains mixed, with Rio Tinto carrying a consensus “Hold” rating and a $103.12 price target; shares recently opened at $99.86, while a pullback in copper prices poses a potential risk.

Tidal Investments LLC grew its stake in shares of Rio Tinto PLC (NYSE:RIO - Free Report) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,936 shares of the mining company's stock after purchasing an additional 17,597 shares during the quarter. Tidal Investments LLC's holdings in Rio Tinto were worth $11,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its position in Rio Tinto by 160.2% during the 1st quarter. AdvisorNet Financial Inc now owns 294 shares of the mining company's stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Timbuktu Capital Management LLC acquired a new stake in Rio Tinto in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Rio Tinto in the first quarter valued at approximately $35,000. Costello Asset Management INC purchased a new stake in shares of Rio Tinto during the first quarter valued at approximately $37,000. Finally, Evelyn Partners Investment Management LLP purchased a new stake in shares of Rio Tinto during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 19.33% of the company's stock.

Key Headlines Impacting Rio Tinto

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 Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Erste Group Bank cut shares of Rio Tinto from a "buy" rating to a "hold" rating in a research report on Thursday, August 27th. 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. Argus raised shares of Rio Tinto to a "strong-buy" rating in a research report on Thursday, August 20th. Sanford C. Bernstein raised their target price on Rio Tinto from $88.50 to $89.50 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Morgan Stanley assumed coverage on Rio Tinto in a research report on Monday, August 24th. They set an "underweight" rating and a $90.00 target price on the stock. Two equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $103.12.

Rio Tinto Price Performance

Rio Tinto stock opened at $99.86 on Friday. Rio Tinto PLC has a 52 week low of $61.72 and a 52 week high of $112.58. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $97.65 and a 200-day moving average of $98.06.

Rio Tinto Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.11 per share. This represents a yield of 441.0%. The ex-dividend date is Friday, August 14th.

Rio Tinto Profile

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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