Wealth Management Partners LLC Invests $1.38 Million in Rio Tinto PLC $RIO

Key Points

• Wealth Management Partners LLC purchased a new stake of 17,177 shares (approximately $1.38 million) in Rio Tinto during the fourth quarter.
• Rio Tinto declared a $2.54 dividend payable on April 16, with an ex-dividend/record date of March 6.
• Rio Tinto secured a A$2 billion funding package with Queensland and Commonwealth governments to shore up the Boyne aluminium smelter’s long‑term viability and underpin roughly A$7.5 billion of renewables PPAs, lowering future power‑cost risk.

Wealth Management Partners LLC purchased a new stake in shares of Rio Tinto PLC (NYSE:RIO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,177 shares of the mining company's stock, valued at approximately $1,375,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership purchased a new stake in Rio Tinto in the third quarter valued at $94,737,000. Marshall Wace LLP purchased a new position in shares of Rio Tinto during the 2nd quarter worth $49,089,000. Bank of America Corp DE increased its position in shares of Rio Tinto by 31.9% during the 3rd quarter. Bank of America Corp DE now owns 3,157,545 shares of the mining company's stock worth $208,430,000 after purchasing an additional 763,786 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Rio Tinto by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 18,562,934 shares of the mining company's stock worth $1,082,776,000 after purchasing an additional 752,505 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Rio Tinto by 878.3% in the 3rd quarter. National Bank of Canada FI now owns 824,092 shares of the mining company's stock valued at $54,396,000 after buying an additional 739,854 shares during the period. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Price Performance

NYSE RIO opened at $86.64 on Wednesday. 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 stock has a 50-day moving average of $92.69 and a two-hundred day moving average of $79.03. Rio Tinto PLC has a 1-year low of $51.67 and a 1-year high of $101.53.

Rio Tinto Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RIO. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Rio Tinto in a research note on Thursday, January 22nd. Zacks Research raised shares of Rio Tinto from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 29th. Citigroup upgraded shares of Rio Tinto to a "hold" rating in a report on Tuesday, February 10th. Weiss Ratings raised shares of Rio Tinto from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. Finally, Morgan Stanley downgraded shares of Rio Tinto from an "overweight" rating to an "equal weight" rating in a report on Wednesday, January 28th. One investment 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 an average target price of $81.00.

Trending Headlines about Rio Tinto

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

• Positive Sentiment: Landmark A$2bn funding package with Queensland and Commonwealth governments secures Boyne smelter’s long‑term viability and a 10‑year arrangement to 2040, reducing power‑cost risk and preserving aluminium production. Rio Tinto says long-term future of Boyne aluminium smelter is secured with new A$2bn deal
• Positive Sentiment: Company press release confirms partnership will support PPAs that underpin roughly A$7.5bn of renewables investment in Queensland, strengthening RIO’s energy transition plan and lowering future operating costs. Rio Tinto, Queensland and Commonwealth secure long-term future for Boyne aluminium smelter at Gladstone
• Positive Sentiment: Coverage highlights the deal as a “lifeline” that enables shifting the smelter from costly coal to firm renewables — a structural cost and ESG win for Rio’s aluminium franchise. “A slam dunk:” Rio Tinto gets $2 billion lifeline to shift massive smelter from costly coal to firm renewables
• Positive Sentiment: Rio Energy (with Equinor partner) moving into renewables projects (e.g., 230MW Brazilian wind buy) signals growing generation assets to match metals operations’ PPA needs. Equinor’s Rio Energy buys 230MW wind project in Brazil
• Neutral Sentiment: Rio expects the Resolution Copper project (U.S.) to open by the mid‑2030s — a long‑lead growth item that supports long‑term copper exposure but provides limited near‑term cash/production upside. CERAWEEK Rio Tinto expects Resolution Copper mine to open by mid-2030s
• Neutral Sentiment: Rio signed an agreement for the Ono project in Papua New Guinea — a pipeline / exploration update that adds optionality but is not immediately material to earnings. Rio Tinto, LCL sign agreement for Ono Project in Papua New Guinea
• Negative Sentiment: Political and media scrutiny: some outlets frame the A$2bn package as a taxpayer “handout” and raise questions about evolving rules and national‑sovereignty rhetoric, creating potential reputational and political risks. ‘Rules are in flux’: $2b bailout for Rio Tinto as Labor cites national sovereignty

Rio Tinto 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.

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