Vale S.A. (NYSE:VALE – Get Free Report) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $16.4615.
VALE has been the topic of a number of recent research reports. Scotiabank restated a “sector perform” rating and set a $16.50 price target on shares of Vale in a research report on Monday, February 9th. Wall Street Zen upgraded shares of Vale from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. UBS Group boosted their price target on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vale from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, April 10th.
Check Out Our Latest Report on Vale
Vale Stock Down 1.5%
Vale (NYSE:VALE – Get Free Report) last released its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The company had revenue of $9.26 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. Equities analysts forecast that Vale will post 2.12 earnings per share for the current fiscal year.
Insider Transactions at Vale
In other Vale news, VP Sobrinho Sami Arap purchased 12,990 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average cost of $16.11 per share, for a total transaction of $209,268.90. Following the completion of the transaction, the vice president owned 12,990 shares of the company’s stock, valued at $209,268.90. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Parenti Grazielle Tallia purchased 10,464 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, for a total transaction of $168,575.04. Following the completion of the transaction, the insider directly owned 10,464 shares of the company’s stock, valued at $168,575.04. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.
Hedge Funds Weigh In On Vale
Institutional investors and hedge funds have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC boosted its holdings in Vale by 493.9% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 308,126 shares of the basic materials company’s stock valued at $3,346,000 after purchasing an additional 256,244 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Vale by 77.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock valued at $271,145,000 after purchasing an additional 9,103,727 shares during the last quarter. Aberdeen Group plc boosted its holdings in Vale by 2.4% in the 4th quarter. Aberdeen Group plc now owns 2,838,991 shares of the basic materials company’s stock valued at $36,992,000 after purchasing an additional 66,896 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Vale by 543.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,673,559 shares of the basic materials company’s stock valued at $18,175,000 after purchasing an additional 1,413,537 shares during the last quarter. Finally, Surience Private Wealth LLC acquired a new position in Vale in the 4th quarter valued at about $2,218,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.
About Vale
Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.
Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.
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