Rio Tinto Group's (RIO) Hold Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Rio Tinto Group (NYSE:RIO - Free Report) in a research report report published on Tuesday morning, MarketBeat.com reports.

RIO has been the subject of a number of other reports. DZ Bank upgraded Rio Tinto Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Wall Street Zen lowered shares of Rio Tinto Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 28th. Barclays reissued an "overweight" rating on shares of Rio Tinto Group in a research report on Wednesday, April 16th. Clarkson Capital raised Rio Tinto Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Morgan Stanley lowered shares of Rio Tinto Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

Rio Tinto Group Trading Up 1.1%

Shares of NYSE:RIO traded up $0.65 during mid-day trading on Tuesday, hitting $59.20. The stock had a trading volume of 2,653,847 shares, compared to its average volume of 2,908,095. Rio Tinto Group has a 12-month low of $51.67 and a 12-month high of $72.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.63. The company has a market cap of $74.24 billion, a PE ratio of 9.18, a P/E/G ratio of 0.42 and a beta of 0.73. The company's 50 day moving average is $59.22 and its 200-day moving average is $60.75.

Institutional Investors Weigh In On Rio Tinto Group

A number of hedge funds have recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Rio Tinto Group during the 1st quarter worth about $30,000. Rakuten Securities Inc. increased its position in Rio Tinto Group by 74.8% in the 4th quarter. Rakuten Securities Inc. now owns 493 shares of the mining company's stock worth $29,000 after buying an additional 211 shares during the period. Mechanics Financial Corp acquired a new position in shares of Rio Tinto Group during the fourth quarter worth approximately $29,000. Pandora Wealth Inc. acquired a new position in shares of Rio Tinto Group during the first quarter worth approximately $30,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Rio Tinto Group in the first quarter worth $30,000. 19.33% of the stock is currently owned by institutional investors.

About Rio Tinto Group

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.