Oxbow Advisors LLC Acquires Shares of 489,803 Vale S.A. (NYSE:VALE)

Oxbow Advisors LLC acquired a new position in Vale S.A. (NYSE:VALE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 489,803 shares of the basic materials company's stock, valued at approximately $4,888,000.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Vale by 5.1% in the first quarter. Blue Trust Inc. now owns 25,876 shares of the basic materials company's stock worth $258,000 after acquiring an additional 1,248 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of Vale by 5.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company's stock worth $214,000 after acquiring an additional 1,349 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in shares of Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after acquiring an additional 1,623 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Vale by 10.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 17,278 shares of the basic materials company's stock worth $172,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in Vale by 14.4% during the first quarter. Ameritas Advisory Services LLC now owns 13,951 shares of the basic materials company's stock valued at $130,000 after purchasing an additional 1,757 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. UBS Group reduced their target price on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. CICC Research assumed coverage on shares of Vale in a research note on Monday, May 12th. They issued an "outperform" rating and a $11.30 target price for the company. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $11.00 price objective (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.79.

Vale Price Performance

Shares of VALE stock traded up $0.17 during mid-day trading on Friday, reaching $10.13. The company's stock had a trading volume of 47,687,536 shares, compared to its average volume of 33,048,205. 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 $45.98 billion, a P/E ratio of 7.34, a PEG ratio of 0.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.11. The firm's 50-day moving average is $9.58 and its two-hundred day moving average is $9.43.

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). The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 15.54% and a return on equity of 17.65%. On average, research analysts predict that Vale S.A. will post 1.85 earnings per share for the current year.

Vale 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.