Investors Purchase High Volume of Call Options on VALE (VALE)

VALE S.A. (NYSE:VALE) saw unusually large options trading activity on Thursday. Stock traders purchased 13,768 call options on the stock. This represents an increase of 1,115% compared to the average daily volume of 1,133 call options.

VALE (NYSE VALE) traded down 3.99% on Tuesday, hitting $7.71. The company had a trading volume of 14,395,650 shares. The stock has a 50 day moving average of $8.30 and a 200-day moving average of $9.14. The stock has a market capitalization of $39.73 billion, a PE ratio of 8.86 and a beta of 1.55. VALE has a one year low of $4.32 and a one year high of $11.70.

VALE (NYSE:VALE) last released its earnings results on Thursday, April 27th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.07. The firm had revenue of $8.52 billion during the quarter. VALE had a return on equity of 16.32% and a net margin of 14.60%. Equities analysts anticipate that VALE will post $1.25 EPS for the current year.

Several institutional investors have recently made changes to their positions in VALE. IPG Investment Advisors LLC boosted its position in VALE by 3.6% in the first quarter. IPG Investment Advisors LLC now owns 34,844 shares of the basic materials company’s stock valued at $331,000 after buying an additional 1,200 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in VALE by 6.3% in the first quarter. Wetherby Asset Management Inc. now owns 29,752 shares of the basic materials company’s stock valued at $283,000 after buying an additional 1,757 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of VALE by 19.2% in the first quarter. Wedbush Securities Inc. now owns 12,907 shares of the basic materials company’s stock valued at $123,000 after buying an additional 2,075 shares during the period. GRATRY & Co LLC raised its stake in VALE by 8.5% in the first quarter. GRATRY & Co LLC now owns 30,056 shares of the basic materials company’s stock worth $286,000 after buying an additional 2,355 shares during the period. Finally, TD Asset Management Inc. increased its position in VALE by 11.5% in the first quarter. TD Asset Management Inc. now owns 33,836 shares of the basic materials company’s stock worth $321,000 after buying an additional 3,497 shares during the period. Institutional investors own 9.03% of the company’s stock.

A number of research analysts have recently commented on VALE shares. BidaskClub cut shares of VALE from a “hold” rating to a “sell” rating in a research report on Saturday. Vetr lowered shares of VALE from a “strong-buy” rating to a “buy” rating and set a $9.26 target price for the company. in a research note on Monday, June 12th. Jefferies Group LLC set a $8.00 target price on shares of VALE and gave the company a “hold” rating in a research note on Thursday, June 8th. BMO Capital Markets reissued a “hold” rating and issued a $10.00 price target on shares of VALE in a report on Friday, June 2nd. Finally, HSBC Holdings plc raised shares of VALE from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.67 to $8.76 in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. VALE currently has an average rating of “Hold” and a consensus target price of $9.37.

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VALE Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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