Metis Global Partners LLC Purchases 54,281 Shares of Vale S.A. $VALE

Metis Global Partners LLC lifted its holdings in Vale S.A. (NYSE:VALE) by 23.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 281,144 shares of the basic materials company’s stock after buying an additional 54,281 shares during the period. Metis Global Partners LLC’s holdings in Vale were worth $2,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new stake in Vale during the first quarter valued at approximately $30,000. GAMMA Investing LLC raised its stake in Vale by 98.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,021 shares during the period. Thompson Investment Management Inc. bought a new stake in shares of Vale during the second quarter valued at approximately $46,000. Westend Capital Management LLC purchased a new position in shares of Vale in the second quarter worth $48,000. Finally, Capital Analysts LLC bought a new position in shares of Vale during the first quarter worth $51,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VALE. Weiss Ratings upgraded shares of Vale from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Clarkson Capital assumed coverage on Vale in a research report on Wednesday, September 3rd. They set a “buy” rating and a $12.00 price objective for the company. Morgan Stanley set a $11.50 target price on Vale in a research report on Wednesday, October 8th. Hsbc Global Res raised Vale to a “strong-buy” rating in a research note on Friday, October 17th. Finally, Wall Street Zen upgraded Vale from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vale has a consensus rating of “Moderate Buy” and a consensus price target of $12.55.

Vale Stock Down 0.7%

Shares of NYSE VALE opened at $12.15 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $12.40. The firm’s 50-day moving average price is $11.09 and its 200-day moving average price is $10.21. The stock has a market capitalization of $55.13 billion, a price-to-earnings ratio of 9.87 and a beta of 0.82.

Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.14. Vale had a return on equity of 18.14% and a net margin of 14.23%.The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.39 billion. On average, equities research analysts anticipate that Vale S.A. will post 1.85 EPS 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.