Moneda S.A. Administradora General de Fondos Sells 162,721 Shares of Vale S.A. $VALE

Moneda S.A. Administradora General de Fondos trimmed its position in shares of Vale S.A. (NYSE:VALE) by 33.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,714 shares of the basic materials company’s stock after selling 162,721 shares during the period. Vale makes up approximately 4.1% of Moneda S.A. Administradora General de Fondos’ holdings, making the stock its 7th largest holding. Moneda S.A. Administradora General de Fondos’ holdings in Vale were worth $3,494,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of Vale by 4.9% in the 1st quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 3,704 shares during the period. Jones Financial Companies Lllp increased its position in shares of Vale by 46.6% during the first quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 11,964 shares during the period. Empowered Funds LLC bought a new stake in shares of Vale during the first quarter valued at approximately $171,000. Strs Ohio acquired a new position in shares of Vale in the first quarter valued at $117,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of Vale in the second quarter valued at $123,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada downgraded shares of Vale from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $14.50 to $15.50 in a research note on Thursday, March 12th. UBS Group increased their price objective on shares of Vale from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Vale in a research note on Monday, December 29th. Finally, Scotiabank reissued a “sector perform” rating and issued a $16.50 price target on shares of Vale in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vale currently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

Vale Price Performance

Shares of NYSE:VALE opened at $14.67 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $15.88 and its two-hundred day moving average price is $13.28. 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 issued its quarterly earnings data on Thursday, February 12th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.86 billion. Sell-side analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current year.

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.