Dimensional Fund Advisors Discloses 1.82% Stake in Rio Tinto Limited
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Holding Disclosure: Dimensional Fund Advisors Ltd. holds 6,769,457 shares in Rio Tinto Limited, representing approximately 1.82%, indicating a significant investment interest that may influence market confidence in the company.
- Share Transactions: Dimensional sold 7,504 shares of Rio Tinto PLC at a price of £62.90 per share, reflecting a tactical adjustment in its short-term strategy regarding this stock.
- Voting Rights Limitation: Dimensional does not have discretion over voting rights for 280,951 shares in Rio Tinto PLC and 69,739 shares in Rio Tinto Limited, which may affect its influence in corporate governance and indicates a conservative investment approach.
- Market Reaction: This disclosure may prompt market scrutiny of Dimensional's investment strategy in Rio Tinto, particularly against the backdrop of current volatility in the resource sector, leading investors to reassess their holding strategies.
Analyst Views on RIO
Wall Street analysts forecast RIO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIO is 83.70 USD with a low forecast of 68.00 USD and a high forecast of 129.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 86.350
Low
68.00
Averages
83.70
High
129.50
Current: 86.350
Low
68.00
Averages
83.70
High
129.50
About RIO
Rio Tinto plc is a United Kingdom-based mining and materials company. It operates in over 35 countries, and its portfolio includes iron ore, copper, aluminum and a range of other minerals and materials. Its segments include Iron Ore, Aluminum, Copper, and Minerals. The Iron Ore segment includes iron ore mining and salt and gypsum production in Western Australia. Its iron ore operations in Pilbara comprise an integrated network of over 18 iron ore mines and four independent port terminals. The Aluminum segment includes bauxite mining, alumina refining, and aluminum smelting and recycling. The Copper segment includes mining and refining of copper, gold, silver, molybdenum, other by-products and licensing of extraction technologies. The Minerals segment includes mining and processing of borates, diamonds, iron concentrate and pellets from the Iron Ore Company of Canada, lithium and titanium dioxide feedstock.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
