TD Private Client Wealth LLC Purchases 621 Shares of Rio Tinto Group (NYSE:RIO)

TD Private Client Wealth LLC increased its holdings in shares of Rio Tinto Group (NYSE:RIO) by 17.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,275 shares of the mining company’s stock after purchasing an additional 621 shares during the period. TD Private Client Wealth LLC’s holdings in Rio Tinto Group were worth $304,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. GHP Investment Advisors Inc. bought a new position in shares of Rio Tinto Group during the 2nd quarter worth approximately $26,000. Winch Advisory Services LLC bought a new position in Rio Tinto Group during the third quarter worth $26,000. FSC Wealth Advisors LLC acquired a new position in shares of Rio Tinto Group in the third quarter valued at $28,000. Sound Income Strategies LLC lifted its stake in shares of Rio Tinto Group by 70.9% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after buying an additional 173 shares during the last quarter. Finally, Centerpoint Advisors LLC boosted its holdings in shares of Rio Tinto Group by 110.0% during the 2nd quarter. Centerpoint Advisors LLC now owns 525 shares of the mining company’s stock worth $35,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RIO. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Macquarie reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Wednesday, October 16th. Finally, Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rio Tinto Group Trading Down 2.0 %

Shares of NYSE RIO opened at $62.21 on Friday. The stock’s fifty day moving average is $64.30 and its 200 day moving average is $64.97. Rio Tinto Group has a 52 week low of $59.35 and a 52 week high of $75.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 1.70.

Rio Tinto Group 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.