Euro Pacific Asset Management LLC Buys 416,339 Shares of Vale S.A. $VALE

Euro Pacific Asset Management LLC lifted its stake in Vale S.A. (NYSE:VALE) by 575.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 488,718 shares of the basic materials company’s stock after acquiring an additional 416,339 shares during the period. Euro Pacific Asset Management LLC’s holdings in Vale were worth $6,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VALE. NewEdge Advisors LLC grew its holdings in Vale by 4.9% during the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 3,704 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Vale by 46.6% in the first quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock worth $375,000 after buying an additional 11,964 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Vale during the 1st quarter worth $171,000. Strs Ohio acquired a new position in Vale in the 1st quarter valued at $117,000. Finally, Sivia Capital Partners LLC acquired a new position in Vale in the 2nd quarter valued at $123,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Price Performance

Shares of Vale stock opened at $15.10 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78. The company has a market cap of $68.54 billion, a PE ratio of 26.97 and a beta of 0.52. The firm has a fifty day moving average price of $15.96 and a two-hundred day moving average price of $13.56. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $17.72.

Vale (NYSE:VALE) last posted its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%.The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.86 billion. Analysts expect that Vale S.A. will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VALE. UBS Group boosted their target price on shares of Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday. The Goldman Sachs Group raised their price target on Vale from $13.80 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Barclays lifted their price objective on Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada cut Vale from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $14.50 to $15.50 in a research report on Thursday, March 12th. Finally, Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.18.

Vale 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.