Regal Partners Ltd Buys New Shares in Vale S.A. $VALE

Regal Partners Ltd bought a new position in shares of Vale S.A. (NYSE:VALE) in the first quarter, Holdings Channel reports. The fund bought 390,855 shares of the basic materials company’s stock, valued at approximately $6,219,000.

Several other hedge funds have also recently added to or reduced their stakes in VALE. Robeco Institutional Asset Management B.V. lifted its position in shares of Vale by 77.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock valued at $271,145,000 after acquiring an additional 9,103,727 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Vale by 2.4% in the 4th quarter. Aberdeen Group plc now owns 2,838,991 shares of the basic materials company’s stock worth $36,992,000 after acquiring an additional 66,896 shares during the last quarter. Surience Private Wealth LLC acquired a new position in shares of Vale in the 4th quarter worth $2,218,000. Euro Pacific Asset Management LLC raised its position in shares of Vale by 575.2% during the fourth quarter. Euro Pacific Asset Management LLC now owns 488,718 shares of the basic materials company’s stock worth $6,368,000 after purchasing an additional 416,339 shares during the period. Finally, Todd Asset Management LLC raised its position in shares of Vale by 51.6% during the fourth quarter. Todd Asset Management LLC now owns 6,239,516 shares of the basic materials company’s stock worth $81,301,000 after purchasing an additional 2,124,412 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Stock Performance

Shares of Vale stock opened at $14.70 on Wednesday. Vale S.A. has a 12 month low of $9.36 and a 12 month high of $17.94. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The stock has a market cap of $66.74 billion, a PE ratio of 21.95 and a beta of 0.46. The business has a fifty day simple moving average of $15.28 and a 200-day simple moving average of $15.82.

Vale (NYSE:VALE) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. On average, sell-side analysts anticipate that Vale S.A. will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

VALE has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered Vale from a “buy” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $16.00 in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. Wells Fargo & Company reduced their price objective on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 target price on shares of Vale in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.15.

About Vale

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.