Boston Partners Has $6.90 Million Holdings in Rio Tinto plc (RIO)

Marco Green
March 6, 2018

They use historic price data to observe stock price patterns to predict the direction of that price going forward. The Lower end of the earnings estimate is $4.56, while the higher end of the earnings estimate is $5.38. The short ratio in the company's stock is documented at 3.24 and the short float is around of 0.84%. Citigroup restated a "buy" rating on shares of Rio Tinto in a research report on Tuesday, December 5th. Bank of America downgraded Rio Tinto from a "buy" rating to a "neutral" rating in a report on Tuesday, February 20th. Zacks Investment Research downgraded Rio Tinto from a "hold" rating to a "strong sell" rating in a report on Saturday, February 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Rio Tinto plc has 52-Week high of $59.25 and 52-Week Low of $37.66.

Rio Tinto plc's PEG is 0.63. Currently, Rio Tinto plc (NYSE:RIO) has an average volume of 3.07 Million.

Rio Tinto plc (NYSE:RIO) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 34.7 percent and its overall profit margin (ttm) is 21.9 Percent. The firm has a market cap of $93,360.00, a P/E ratio of 10.21 and a beta of 1.07. For the most recent quarter, quick ratio was 1.4, current ratio was 1.7, LT Debt/Equity ratio was 0.34 and Total Debt/Equity ratio stands at 0.36, while Payout ratio is 0.577.

A number of institutional investors have recently added to or reduced their stakes in RIO. Zions Bancorporation raised its holdings in Rio Tinto by 2,992.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,280,538 shares of the mining company's stock worth $60,429,000 after buying an additional 900,859 shares during the last quarter. Jennison Associates LLC now owns 2,139,716 shares of the mining company's stock worth $100,973,000 after buying an additional 563,461 shares during the last quarter. Tide Point Capital Management LP now owns 641,851 shares of the mining company's stock worth $33,974,000 after buying an additional 602,915 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Rio Tinto by 18.8% in the 2nd quarter.

Rio Tinto plc (RIO) stock is now showing negative return of -9.79% throughout last week and witnessed decreasing return of -8.25% in one month period. Russell Investments Group Ltd. boosted its stake in shares of Rio Tinto by 124.2% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 47,100 shares of the mining company's stock worth $2,223,000 after purchasing an additional 13,500 shares during the period.

The business also recently declared a semiannual dividend, which will be paid on Thursday, April 12th. Shareholders of record on Friday, March 2nd will be issued a $1.7955 dividend. At present time the stock is moving 6.91% away to its 200-day moving average. This is an increase from Rio Tinto's previous semiannual dividend of $1.26. The ex-dividend date is Thursday, March 1st.

Rio Tinto plc (RIO) performance during the last one year upgraded 24.86 percent, while its year to date (YTD) performance showed a negative trend of -2.74 percent.

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Rio Tinto plc (RIO) has a Return on Assets of 9.6 percent, Return on Investment of 17.3 percent and a Return on Equity of 21.4 percent. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon.

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