Rio Tinto
About: Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
Employees: 57,174
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
27% more call options, than puts
Call options by funds: $643M | Put options by funds: $505M
2% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 87
0% more funds holding
Funds holding: 743 [Q2] → 745 (+2) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 11 (+0) [Q3]
0.51% less ownership
Funds ownership: 11.08% [Q2] → 10.57% (-0.51%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 285
42% less capital invested
Capital invested by funds: $16.1B [Q2] → $9.39B (-$6.74B) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for RIO.
Financial journalist opinion
Based on 24 articles about RIO published over the past 30 days