Rio Tinto PLC (NYSE:RIO) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its position in Rio Tinto PLC (NYSE:RIO - Free Report) by 79.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,593 shares of the mining company's stock after buying an additional 4,693 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Rio Tinto were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Mechanics Financial Corp purchased a new position in shares of Rio Tinto in the 4th quarter worth $29,000. Alpine Bank Wealth Management purchased a new position in shares of Rio Tinto in the 1st quarter worth $30,000. Wayfinding Financial LLC purchased a new position in shares of Rio Tinto in the 1st quarter worth $30,000. Bfsg LLC raised its position in shares of Rio Tinto by 5,754.5% in the 1st quarter. Bfsg LLC now owns 644 shares of the mining company's stock worth $39,000 after buying an additional 633 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of Rio Tinto in the 4th quarter worth $47,000. 19.33% of the stock is owned by hedge funds and other institutional investors.

Rio Tinto Stock Up 0.5%

Shares of Rio Tinto stock traded up $0.31 during trading hours on Thursday, hitting $60.03. 2,570,093 shares of the company's stock traded hands, compared to its average volume of 3,113,238. The stock has a 50 day simple moving average of $59.47 and a 200-day simple moving average of $60.06. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $75.27 billion, a PE ratio of 9.31 and a beta of 0.66. Rio Tinto PLC has a twelve month low of $51.67 and a twelve month high of $72.08.

Analysts Set New Price Targets

RIO has been the topic of several research reports. Barclays reaffirmed an "overweight" rating on shares of Rio Tinto in a research report on Wednesday, July 2nd. Morgan Stanley reissued an "overweight" rating on shares of Rio Tinto in a research report on Monday. Berenberg Bank reissued a "hold" rating on shares of Rio Tinto in a research report on Thursday, July 3rd. DZ Bank raised Rio Tinto from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Rio Tinto in a research report on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $73.00.

About Rio Tinto

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.