Golden State Wealth Management LLC Buys 2,713 Shares of Vale S.A. (NYSE:VALE)

Golden State Wealth Management LLC grew its stake in shares of Vale S.A. (NYSE:VALE) by 193.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,119 shares of the basic materials company’s stock after buying an additional 2,713 shares during the quarter. Golden State Wealth Management LLC’s holdings in Vale were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 1,938 shares during the last quarter. Atlas Capital Advisors Inc. boosted its holdings in Vale by 68.3% in the fourth quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,623 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in Vale in the fourth quarter valued at approximately $80,000. 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 valued at $86,000 after acquiring an additional 4,580 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Vale by 30.9% in the fourth quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 2,317 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

Vale Stock Up 1.2%

VALE opened at $9.83 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 0.74. The company’s 50-day moving average is $9.49 and its 200 day moving average is $9.37. 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 market capitalization of $44.62 billion, a P/E ratio of 7.12, a PEG ratio of 0.30 and a beta of 0.77.

Vale (NYSE:VALE) last released its earnings results 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 business had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.39 billion. Vale had a return on equity of 17.65% and a net margin of 15.54%. Research analysts expect that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VALE shares. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $11.50 in a research note on Thursday, April 10th. UBS Group cut their price target on shares of Vale from $10.50 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Wall Street Zen started coverage on shares of Vale in a research report on Wednesday, May 7th. They set a “hold” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 target price (down previously from $12.00) on shares of Vale in a research report on Thursday, April 17th. Finally, CICC Research started coverage on Vale in a report on Monday, May 12th. They set an “outperform” rating and a $11.30 price target on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.04.

About Vale

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.