Thu Sep 26 13:28:30 UTC 2024: ## Benjamin F. Edwards & Company Increases Rio Tinto Group Holdings

**New York, NY (MarketBeat News)** – Benjamin F. Edwards & Company Inc. increased its holdings in Rio Tinto Group (NYSE: RIO) by 5.1% during the second quarter, according to the company’s latest SEC filing. The institutional investor now owns 4,010 shares of the mining company’s stock, worth approximately $264,000.

This move follows a trend of increased investor interest in Rio Tinto Group, with several other institutional investors and hedge funds adjusting their positions in the company. Notably, Natixis Advisors LLC increased its stake by 8.7%, QRG Capital Management Inc. by 38.1%, and Salem Investment Counselors Inc. by 12.2% in recent quarters.

Research analysts have also been active in evaluating the company. HSBC upgraded Rio Tinto Group to a “buy” rating, while Berenberg Bank downgraded it to a “hold” rating. Other analysts from Hsbc Global Res, StockNews.com, and Royal Bank of Canada have also issued ratings on the stock.

Rio Tinto Group, a global mining company, is engaged in exploring, mining, and processing mineral resources. Its segments include Iron Ore, Aluminum, Copper, and Minerals. The company recently declared a semi-annual dividend of $1.77, representing a dividend yield of 6.8%.

Rio Tinto Group’s stock opened at $67.68 on Thursday, with a 50-day simple moving average of $63.06 and a 200-day simple moving average of $65.71. The company has a 52-week low of $59.35 and a 52-week high of $75.09.

For further information on hedge fund holdings and insider trades related to Rio Tinto Group, visit HoldingsChannel.com.

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