Barometer Capital Management Inc. Takes Position in Vale S.A. $VALE

Barometer Capital Management Inc. purchased a new stake in shares of Vale S.A. (NYSE:VALE) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 69,100 shares of the basic materials company’s stock, valued at approximately $750,000.

A number of other institutional investors have also recently added to or reduced their stakes in VALE. Cary Street Partners Investment Advisory LLC increased its position in shares of Vale by 60.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,030 shares during the last quarter. CENTRAL TRUST Co purchased a new position in Vale in the second quarter valued at about $34,000. Huntington National Bank grew its stake in Vale by 36.3% during the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 1,256 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Vale during the 3rd quarter valued at approximately $59,000. Finally, Strengthening Families & Communities LLC purchased a new stake in Vale during the 3rd quarter worth approximately $87,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 1.8%

Vale stock opened at $15.35 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.15. Vale S.A. has a one year low of $8.06 and a one year high of $17.72. The company has a 50-day simple moving average of $15.75 and a 200-day simple moving average of $13.12.

Vale (NYSE:VALE) last posted its earnings results on Thursday, February 12th. The basic materials company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. On average, sell-side analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Analyst Ratings Changes

VALE has been the topic of several recent analyst reports. Barclays upped their price target on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a report on Monday, March 2nd. The Goldman Sachs Group boosted their target price on shares of Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Vale in a research note on Monday, December 29th. UBS Group increased their price target on shares of Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Finally, Wall Street Zen downgraded Vale from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.46.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.