Vontobel Holding Ltd. Takes Position in Vale S.A. (NYSE:VALE)

Vontobel Holding Ltd. purchased a new stake in shares of Vale S.A. (NYSE:VALE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 61,134 shares of the basic materials company's stock, valued at approximately $610,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Atlas Capital Advisors Inc. lifted its stake in shares of Vale by 68.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,623 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Vale in the first quarter worth $41,000. Golden State Wealth Management LLC boosted its holdings in Vale by 193.0% in the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after purchasing an additional 2,713 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in Vale in the fourth quarter worth $80,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Vale by 88.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,738 shares of the basic materials company's stock worth $86,000 after purchasing an additional 4,580 shares in the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective 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 assumed coverage on shares of Vale in a report on Monday, May 12th. They issued an "outperform" rating and a $11.30 price objective for the company. UBS Group decreased their price objective 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. Wall Street Zen started coverage on shares of Vale in a report on Wednesday, May 7th. They issued a "hold" rating for the company. Finally, Bank of America raised shares of Vale from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $11.50 in a research report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $11.79.

Vale Stock Down 0.3%

Vale stock opened at $10.25 on Monday. The firm has a market cap of $46.52 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 0.33 and a beta of 0.77. 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 fifty-two week low of $8.06 and a fifty-two week high of $12.05. The firm has a fifty day moving average price of $9.53 and a two-hundred day moving average price of $9.40.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The company had revenue of $8.12 billion for 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%. As a group, analysts forecast that Vale S.A. will post 1.85 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.