Rio Tinto plc's (RIO) "Overweight" Rating Reaffirmed at Barclays PLC

Such numbers, in tandem with higher commodity prices, have seen Rio's London-listed shares rise 66% in the space of a year. The legal version of this report can be accessed at Credit Suisse AG boosted its position in shares of Rio Tinto plc by 2,738.9% in the third quarter. Finally, E&G Advisors LP acquired a new stake in Rio Tinto plc during the first quarter valued at about $216,000.

Impala Asset Management Llc, which manages about $2.53B and $1.89B US Long portfolio, decreased its stake in Newfield Expl Co (NYSE:NFX) by 659,954 shares to 147,322 shares, valued at $5.97 million in 2016Q4, according to the filing. Nikko Asset Management Americas Inc. now owns 1,139,064 shares of the mining company's stock worth $46,337,000 after buying an additional 71,900 shares during the last quarter. Stock institutional ownership is 6.90% while insider ownership includes 6.50%.

Shares of Rio Tinto plc (NYSE:RIO) traded down 0.64% during mid-day trading on Tuesday, reaching $41.86. 5425178 shares were traded during the session. The stock's 50-day moving average is GBX 3,098.71 and its 200 day moving average is GBX 3,212.99.

Among 19 analysts covering Rio Tinto (NYSE:RIO), 12 have Buy rating, 3 Sell and 4 Hold.

Rio said the announcement was part of its "ongoing capital management plan" and followed the successful completion, last year, of a series of $7.5 billion U.S. dollar-denominated note redemptions and repurchases. Rio Tinto plc also saw some unusual options trading activity on Monday. California Public Employees Retirement Sys invested in 223,300 shares or 0% of the stock. This represents an increase of 503% compared to the average volume of 1,214 put options. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and worldwide copyright and trademark legislation.

RIO has been the topic of several other reports. More interesting news about Rio Tinto plc (ADR) (NYSE:RIO) were released by: and their article: "Rio Tinto PLC ADR" published on May 30, 2009 as well as's news article titled: "Rio Tinto to sell Scottish aluminum assets" with publication date: November 23, 2016.

Rio Tinto had its "Overweight" rating reiterated by analysts at JP Morgan Cazenove. Liberum Capital maintained Rio Tinto plc (LON:RIO) rating on Thursday, April 20. Sanford C. Bernstein reiterated an "outperform" rating on shares of Rio Tinto plc in a report on Thursday, February 9th. On Thursday, March 31 the stock rating was downgraded by Axiom Capital to "Sell". Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Haitong Securities has "Buy" rating and GBX 2783 target.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Rio Tinto plc (RIO) stands at -11.01 while the industry's and the sector's growth for next 5 years ticked at -9.98 and 2.05 respectively. The Company's business is finding, mining and processing mineral resources.

  • Zachary Reyes