Rio Tinto plc 33.3% Potential Upside Indicated by Macquarie

Liberum Capital restated their sell rating on shares of Rio Tinto plc (LON:RIO) in a report published on Tuesday. The firm owned 151,975 shares of the mining company's stock after buying an additional 144,975 shares during the period. Tyers Asset Management LLC bought a new stake in Rio Tinto plc during the fourth quarter worth about $200,000.

A number of large investors have recently made changes to their positions in the stock. Institutional investors own 6.63% of the company's stock. Credit Suisse AG increased its stake in Rio Tinto plc by 2,738.9% in the third quarter.

Goldman Sachs Group, Inc. Quantbot Technologies LP raised its stake in Rio Tinto plc by 423.3% in the third quarter. Credit Suisse AG now owns 1,756,844 shares of the mining company's stock worth $58,678,000 after buying an additional 1,694,960 shares during the last quarter. Finally, Orca Investment Management LLC purchased a new stake in Rio Tinto plc during the third quarter worth approximately $1,134,000. Impala Asset Management LLC now owns 4,416,713 shares of the mining company's stock worth $169,866,000 after buying an additional 1,057,429 shares during the last quarter. 3,095,934 shares of the company were exchanged. Barclays PLC increased their price objective on shares of Rio Tinto plc from GBX 3,200 ($39.74) to GBX 4,490 ($55.76) and gave the stock an overweight rating in a research note on Monday, January 9th. The stock's market capitalization is GBX 56.57 billion. The 1 year high for the stock price is 3718.5 GBX while the 52 week low is 1853 GBX. Investors of record on Thursday, February 23rd were issued a GBX 100.56 ($1.25) dividend. Finally, HSBC Holdings plc started coverage on shares of Rio Tinto plc in a report on Thursday, November 10th. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a dividend yield of 5.54%.

WARNING: "Kempner Capital Management Inc". If you are reading this piece of content on another website, it was illegally copied and reposted in violation of USA & worldwide copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/04/12/grassi-investment-management-purchases-144975-shares-of-rio-tinto-plc-rio.html. Macquarie have set their target price at 4200 GBX on its stock.

Shares of Rio Tinto plc (LON:RIO) opened at 3550.95 on Thursday. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Rio Tinto plc in a report on Friday, January 6th. Morgan Stanley reissued a "buy" rating on shares of Rio Tinto plc in a report on Saturday, January 21st. Jefferies Group LLC set a $46.00 target price on shares of Rio Tinto plc and gave the company a "buy" rating in a report on Sunday, January 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. They set a buy rating and a GBX 3,300 ($41.18) price target for the company.

Receive Rio Tinto PLC News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto PLC with MarketBeat.com's FREE daily email newsletter. The Company's business is finding, mining and processing mineral resources. The Company's segments include aluminum, copper and coal, diamonds and minerals, and iron ore.