61,134 Shares in Vale S.A. (NYSE:VALE) Bought by Vontobel Holding Ltd.

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

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Oppenheimer & Co. Inc. bought a new stake in shares of Vale during the first quarter valued at about $228,000. Golden State Wealth Management LLC raised its holdings in shares of Vale by 193.0% during the first quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 2,713 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Vale by 20.4% in the first quarter. Cornerstone Wealth Management LLC now owns 15,954 shares of the basic materials company's stock worth $159,000 after buying an additional 2,707 shares during the period. US Bancorp DE increased its holdings in shares of Vale by 164.5% in the 4th quarter. US Bancorp DE now owns 148,857 shares of the basic materials company's stock valued at $1,320,000 after purchasing an additional 92,570 shares during the period. Finally, Merit Financial Group LLC increased its stake in Vale by 44.4% in the 1st 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on VALE shares. Barclays boosted their price target on Vale from $12.75 to $13.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. UBS Group lowered their price objective on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Wall Street Zen assumed coverage on Vale in a research report on Wednesday, May 7th. They issued a "hold" rating for the company. Royal Bank Of Canada reissued a "sector perform" rating and set a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. Finally, Bank of America upgraded 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 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, Vale has a consensus rating of "Hold" and a consensus target price of $11.79.

Vale Trading Up 1.2%

NYSE:VALE traded up $0.12 on Thursday, reaching $9.98. The company's stock had a trading volume of 84,039,139 shares, compared to its average volume of 32,870,535. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.05. The business's 50-day moving average price is $9.56 and its two-hundred day moving average price is $9.41. The firm has a market cap of $45.28 billion, a PE ratio of 7.23, a PEG ratio of 0.32 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.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal 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.