B&D White Capital Company LLC Lowers Holdings in Rio Tinto Group (NYSE:RIO)

B&D White Capital Company LLC reduced its position in Rio Tinto Group (NYSE:RIO) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the mining company’s stock after selling 2,700 shares during the quarter. B&D White Capital Company LLC’s holdings in Rio Tinto Group were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RIO. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Rio Tinto Group by 63.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after acquiring an additional 195 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Rio Tinto Group in the fourth quarter valued at $47,000. HHM Wealth Advisors LLC acquired a new stake in shares of Rio Tinto Group in the 4th quarter valued at about $50,000. Hara Capital LLC bought a new position in Rio Tinto Group during the 3rd quarter worth approximately $53,000. Finally, Nisa Investment Advisors LLC lifted its stake in Rio Tinto Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 820 shares of the mining company’s stock worth $58,000 after purchasing an additional 270 shares during the last quarter. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Rio Tinto Group Trading Down 1.3 %

NYSE:RIO opened at $63.43 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. Rio Tinto Group has a 1-year low of $57.85 and a 1-year high of $74.24. The firm has a market capitalization of $79.47 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.42 and a beta of 0.65. The stock has a fifty day simple moving average of $60.61 and a 200 day simple moving average of $62.94.

Analysts Set New Price Targets

A number of equities analysts have commented on RIO shares. Jefferies Financial Group decreased their target price on Rio Tinto Group from $83.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com lowered Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rio Tinto Group has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Rio Tinto Group 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.