Vale S.A. (NYSE:VALE) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC raised its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 91.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,814 shares of the basic materials company's stock after purchasing an additional 39,592 shares during the quarter. Kathmere Capital Management LLC's holdings in Vale were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Atlas Capital Advisors Inc. increased its stake in Vale by 68.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after buying an additional 1,623 shares during the period. J.Safra Asset Management Corp purchased a new position in Vale in the 1st quarter worth about $41,000. Golden State Wealth Management LLC increased its stake in Vale by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after buying an additional 2,713 shares during the period. Allworth Financial LP grew its holdings in Vale by 233.7% during the 1st quarter. Allworth Financial LP now owns 5,440 shares of the basic materials company's stock worth $53,000 after acquiring an additional 3,810 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Vale during the 1st quarter worth about $64,000. Institutional investors own 21.85% of the company's stock.

Vale Trading Up 1.0%

Shares of VALE traded up $0.10 during mid-day trading on Wednesday, reaching $9.79. The stock had a trading volume of 46,678,784 shares, compared to its average volume of 33,192,995. 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 S.A. has a 52-week low of $8.06 and a 52-week high of $12.05. The business's fifty day moving average is $9.60 and its 200 day moving average is $9.44. The firm has a market cap of $44.41 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.32 and a beta of 0.77.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data 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 net margin of 15.54% and a return on equity of 17.65%. The firm had revenue of $8.12 billion during the quarter, compared to analysts' expectations of $8.39 billion. On average, sell-side analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on VALE. Barclays increased their target price on shares of Vale from $12.75 to $13.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. CICC Research began coverage on shares of Vale in a report on Monday, May 12th. They set an "outperform" rating and a $11.30 target price on the stock. 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $11.00 price objective (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. Finally, Wall Street Zen assumed coverage on shares of Vale in a research report on Wednesday, May 7th. They issued a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Vale has an average rating of "Hold" and a consensus price target of $11.79.

About Vale

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.