Vontobel Holding Ltd. Buys Shares of 61,134 Vale S.A. (NYSE:VALE)

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

Several other hedge funds and other institutional investors have also made changes to their positions in VALE. 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 bought a new position in Vale during the 1st quarter worth about $41,000. Golden State Wealth Management LLC grew its holdings in Vale by 193.0% during the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock worth $41,000 after acquiring an additional 2,713 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Vale during the 4th quarter worth about $80,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Vale by 88.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,738 shares of the basic materials company's stock worth $86,000 after acquiring an additional 4,580 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VALE shares. UBS Group dropped their target price on shares of Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. CICC Research started 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 reiterated a "sector perform" rating and issued a $11.00 target price (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Finally, Wall Street Zen initiated coverage on shares of Vale in a research report on Wednesday, May 7th. They set a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vale currently has an average rating of "Hold" and a consensus target price of $11.79.

Vale Stock Down 2.6%

Shares of VALE stock traded down $0.27 during trading hours on Monday, reaching $9.95. 35,568,650 shares of the stock were exchanged, compared to its average volume of 32,592,331. The business's fifty day moving average is $9.53 and its two-hundred day moving average is $9.40. 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 12-month low of $8.06 and a 12-month high of $12.05. The firm has a market capitalization of $45.16 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.33 and a beta of 0.77.

Vale (NYSE:VALE - Get Free Report) last released its earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share 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 firm had revenue of $8.12 billion for the quarter, compared to analysts' expectations of $8.39 billion. As a group, research analysts expect that Vale S.A. will post 1.85 EPS for the current fiscal 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.