Whittier Trust Co. of Nevada Inc. Acquires 4,693 Shares of Rio Tinto PLC (NYSE:RIO)

Whittier Trust Co. of Nevada Inc. lifted its holdings in Rio Tinto PLC (NYSE:RIO - Free Report) by 79.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in Rio Tinto in the fourth quarter worth about $1,241,000. Rossby Financial LCC acquired a new stake in Rio Tinto in the fourth quarter worth about $360,000. Farther Finance Advisors LLC increased its position in Rio Tinto by 24.2% in the first quarter. Farther Finance Advisors LLC now owns 4,023 shares of the mining company's stock worth $242,000 after purchasing an additional 785 shares during the period. Schroder Investment Management Group increased its position in Rio Tinto by 3.2% in the fourth quarter. Schroder Investment Management Group now owns 32,258 shares of the mining company's stock worth $1,890,000 after purchasing an additional 1,009 shares during the period. Finally, Norges Bank acquired a new position in shares of Rio Tinto during the 4th quarter worth about $432,000. 19.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RIO shares. Berenberg Bank restated a "hold" rating on shares of Rio Tinto in a research report on Thursday, July 3rd. Barclays restated an "overweight" rating on shares of Rio Tinto in a research report on Wednesday, July 2nd. Jefferies Financial Group restated a "hold" rating on shares of Rio Tinto in a research report on Tuesday, June 3rd. DZ Bank upgraded Rio Tinto from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Finally, Wall Street Zen cut Rio Tinto from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Rio Tinto has an average rating of "Moderate Buy" and an average price target of $73.00.

Rio Tinto Stock Up 0.9%

NYSE RIO traded up $0.55 during trading on Friday, hitting $60.58. The stock had a trading volume of 2,858,708 shares, compared to its average volume of 3,114,403. The company has a market capitalization of $75.97 billion, a PE ratio of 9.39 and a beta of 0.66. The company's 50-day moving average price is $59.50 and its two-hundred day moving average price is $60.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.63. Rio Tinto PLC has a 12 month low of $51.67 and a 12 month high of $72.08.

Rio Tinto Company Profile

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.