HHM Wealth Advisors LLC Takes $50,000 Position in Rio Tinto Group (NYSE:RIO)

HHM Wealth Advisors LLC acquired a new position in Rio Tinto Group (NYSE:RIO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 849 shares of the mining company’s stock, valued at approximately $50,000.

Other large investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new position in shares of Rio Tinto Group during the third quarter valued at $26,000. FSC Wealth Advisors LLC acquired a new stake in shares of Rio Tinto Group in the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Rio Tinto Group by 63.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 500 shares of the mining company’s stock valued at $29,000 after buying an additional 195 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of Rio Tinto Group by 70.9% in the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the mining company’s stock worth $30,000 after purchasing an additional 173 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Rio Tinto Group in the 3rd quarter worth approximately $38,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Group Trading Down 0.9 %

RIO stock opened at $59.85 on Tuesday. The company has a 50 day moving average of $60.83 and a two-hundred day moving average of $63.08. Rio Tinto Group has a 12-month low of $57.85 and a 12-month high of $74.24. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RIO shares. Jefferies Financial Group cut their price objective 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. Macquarie restated a “neutral” rating on shares of Rio Tinto Group in a report on Wednesday, October 16th. Finally, StockNews.com cut shares of Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 25th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

About Rio Tinto Group

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.