Rio Tinto plc (NYSE:RIO) was upgraded by equities
researchers at Goldman Sachs from a “sell” rating to a “neutral” rating in a
report issued on Monday, The Fly reports.
Shares of Rio Tinto plc (NYSE:RIO) opened at 28.76 on
Monday. Rio Tinto plc has a 1-year low of $21.89 and a 1-year high of $42.61.
The company has a 50 day moving average price of $28.93 and a 200-day moving
average price of $28.30. The stock’s market capitalization is $51.72 billion.
Other large investors recently added to or reduced their
stakes in the company. World Asset Management Inc raised its stake in Rio Tinto
plc by 2.3% in the fourth quarter. World Asset Management Inc now owns 74,528
shares of the mining company’s stock valued at $2,170,000 after buying an
additional 1,691 shares in the last quarter. Segantii Capital Management Ltd
bought a new stake in Rio Tinto plc during the fourth quarter valued at
$1,468,000. Sei Investments Co. raised its stake in Rio Tinto plc by 3.1% in
the fourth quarter. Sei Investments Co. now owns 418,767 shares of the mining
company’s stock valued at $12,195,000 after buying an additional 12,769 shares
in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake
in Rio Tinto plc by 7.5% in the fourth quarter. Barrow Hanley Mewhinney &
Strauss LLC now owns 1,267,701 shares of the mining company’s stock valued at
$36,916,000 after buying an additional 88,627 shares in the last quarter.
Finally, Kornitzer Capital Management Inc. KS raised its stake in Rio Tinto plc
by 7.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns
225,550 shares of the mining company’s stock valued at $6,568,000 after buying
an additional 15,210 shares in the last quarter.
Source: Community Financial News