Vale S.A. $VALE Shares Acquired by Capital Research Global Investors

Capital Research Global Investors boosted its position in Vale S.A. (NYSE:VALE) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,142,345 shares of the basic materials company’s stock after acquiring an additional 42,928 shares during the quarter. Capital Research Global Investors owned 0.18% of Vale worth $88,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VALE. Parallel Advisors LLC raised its holdings in shares of Vale by 5.4% in the 3rd quarter. Parallel Advisors LLC now owns 17,350 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 885 shares during the period. HighPoint Advisor Group LLC grew its holdings in shares of Vale by 3.5% during the 3rd quarter. HighPoint Advisor Group LLC now owns 29,114 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 982 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,030 shares during the period. Fullcircle Wealth LLC increased its position in Vale by 8.7% during the 3rd quarter. Fullcircle Wealth LLC now owns 13,800 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Busey Bank raised its holdings in Vale by 8.5% in the third quarter. Busey Bank now owns 15,901 shares of the basic materials company’s stock valued at $173,000 after buying an additional 1,244 shares during the period. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

Shares of NYSE:VALE opened at $15.35 on Thursday. The company has a 50 day moving average of $15.75 and a two-hundred day moving average of $13.12. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $17.72. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 0.53.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on VALE shares. Scotiabank reaffirmed a “sector perform” rating and set a $16.50 price target on shares of Vale in a research report on Monday, February 9th. Royal Bank Of Canada raised shares of Vale from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $11.00 to $14.20 in a research note on Wednesday, December 10th. Bank of America lowered shares of Vale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $18.00 in a report on Thursday, February 26th. Barclays upped their price target on shares of Vale from $15.50 to $16.50 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.46.

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.