51,287 Shares in Vale S.A. (NYSE:VALE) Bought by Surience Private Wealth LLC

Surience Private Wealth LLC bought a new position in Vale S.A. (NYSE:VALE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 51,287 shares of the basic materials company's stock, valued at approximately $512,000. Vale makes up 0.9% of Surience Private Wealth LLC's portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,938 shares during the period. Truist Financial Corp boosted its position in Vale by 18.2% during the fourth quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock valued at $299,000 after buying an additional 5,189 shares during the period. Cornerstone Wealth Management LLC boosted its position in Vale by 20.4% during the first quarter. Cornerstone Wealth Management LLC now owns 15,954 shares of the basic materials company's stock valued at $159,000 after buying an additional 2,707 shares during the period. US Bancorp DE boosted its position in Vale by 164.5% during the fourth quarter. US Bancorp DE now owns 148,857 shares of the basic materials company's stock valued at $1,320,000 after buying an additional 92,570 shares during the period. Finally, Merit Financial Group LLC boosted its position in Vale by 44.4% during the first quarter. Merit Financial Group LLC now owns 20,847 shares of the basic materials company's stock valued at $208,000 after buying an additional 6,412 shares during the period. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VALE. CICC Research began coverage on shares of Vale in a research report on Monday, May 12th. They set an "outperform" rating and a $11.30 price target for the company. UBS Group dropped their target price on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $11.00 target price (down from $12.00) on shares of Vale in a report on Thursday, April 17th. Wall Street Zen began coverage on shares of Vale in a report on Wednesday, May 7th. They set a "hold" rating for the company. Finally, Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and increased their target price for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.04.

Vale Price Performance

VALE stock opened at $9.74 on Friday. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $12.05. The company has a market cap of $44.19 billion, a P/E ratio of 7.05, a PEG ratio of 0.30 and a beta of 0.76. The firm has a 50-day moving average of $9.47 and a 200 day moving average of $9.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 0.74.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). Vale had a return on equity of 17.65% and a net margin of 15.54%. The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.39 billion. On average, sell-side analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

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