Thurston Springer Miller Herd & Titak Inc. Purchases 195 Shares of Rio Tinto Group (NYSE:RIO)

Thurston Springer Miller Herd & Titak Inc. raised its position in Rio Tinto Group (NYSE:RIO) by 63.9% during the fourth quarter, Holdings Channel reports. The fund owned 500 shares of the mining company’s stock after acquiring an additional 195 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Rio Tinto Group were worth $29,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Rio Tinto Group by 237.0% in the second quarter. Bank of Montreal Can now owns 2,472,471 shares of the mining company’s stock worth $164,493,000 after buying an additional 1,738,752 shares during the period. Fisher Asset Management LLC raised its stake in shares of Rio Tinto Group by 2.9% in the third quarter. Fisher Asset Management LLC now owns 17,528,095 shares of the mining company’s stock worth $1,247,475,000 after buying an additional 485,731 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Rio Tinto Group in the third quarter worth about $33,590,000. SPX Gestao de Recursos Ltda raised its stake in shares of Rio Tinto Group by 1,773.2% in the third quarter. SPX Gestao de Recursos Ltda now owns 426,922 shares of the mining company’s stock worth $30,384,000 after buying an additional 404,131 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Rio Tinto Group by 78.3% in the second quarter. Dimensional Fund Advisors LP now owns 858,050 shares of the mining company’s stock worth $56,565,000 after buying an additional 376,778 shares during the period. Institutional investors own 19.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on RIO shares. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Macquarie reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Wednesday, October 16th. StockNews.com upgraded Rio Tinto Group from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Jefferies Financial Group cut their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Rio Tinto Group has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Rio Tinto Group Stock Up 2.0 %

NYSE:RIO opened at $61.00 on Friday. Rio Tinto Group has a 1 year low of $57.85 and a 1 year high of $74.24. The business has a 50 day simple moving average of $60.98 and a 200-day simple moving average of $63.57. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 0.23.

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.