23,433 Shares in Vale S.A. (NYSE:VALE) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new position in Vale S.A. (NYSE:VALEGet Rating) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,433 shares of the basic materials company’s stock, valued at approximately $341,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vigilant Capital Management LLC bought a new position in Vale in the second quarter valued at $25,000. Allworth Financial LP grew its stake in shares of Vale by 97.0% during the second quarter. Allworth Financial LP now owns 2,462 shares of the basic materials company’s stock valued at $36,000 after buying an additional 1,212 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Vale by 255.7% during the second quarter. Iron Horse Wealth Management LLC now owns 2,490 shares of the basic materials company’s stock valued at $36,000 after buying an additional 1,790 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Vale by 104.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,550 shares of the basic materials company’s stock valued at $37,000 after buying an additional 1,300 shares during the last quarter. Finally, Sandy Spring Bank grew its stake in shares of Vale by 78.6% during the second quarter. Sandy Spring Bank now owns 2,750 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 19.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VALE. Itau BBA Securities cut Vale from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, August 17th. BMO Capital Markets cut their target price on Vale from $20.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, October 31st. Royal Bank of Canada raised Vale from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $15.00 to $16.00 in a research note on Monday, September 12th. StockNews.com initiated coverage on Vale in a research note on Thursday, October 27th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Vale from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, October 5th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.41.

Vale Price Performance

VALE stock opened at $15.07 on Monday. The firm has a 50 day moving average price of $13.76 and a 200-day moving average price of $14.27. Vale S.A. has a 52-week low of $11.42 and a 52-week high of $21.29. The firm has a market capitalization of $69.19 billion, a price-to-earnings ratio of 3.50, a PEG ratio of 1.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.67 and a current ratio of 1.07.

Vale (NYSE:VALEGet Rating) last released its earnings results on Thursday, October 27th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.38. Vale had a net margin of 45.53% and a return on equity of 53.54%. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $10.13 billion. Equities research analysts forecast that Vale S.A. will post 2.94 EPS for the current fiscal year.

Vale Profile

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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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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