Envestnet cuts Rio Tinto holdings by over half, while Perigon increases stake; Rio Tinto remains a "Moderate Buy."

Envestnet Portfolio Solutions Inc. reduced its Rio Tinto PLC holdings by 55.7% to 6,053 shares, valued at $364,000, while maintaining a strong buy rating. Meanwhile, Perigon Wealth Management LLC increased its stake by 57.7%, owning 17,078 shares. Rio Tinto, with a market cap of $73.64 billion, has a "Moderate Buy" consensus rating and an average target price of $73.00, currently trading around $58.73.