173,192 Shares in Vale S.A. $VALE Bought by Burney Co.

Burney Co. acquired a new stake in shares of Vale S.A. (NYSE:VALE) in the 1st quarter, Holdings Channel.com reports. The fund acquired 173,192 shares of the basic materials company’s stock, valued at approximately $2,755,000.

A number of other hedge funds have also recently modified their holdings of VALE. N.E.W. Advisory Services LLC purchased a new stake in shares of Vale in the 4th quarter worth about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in shares of Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 1,155 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in Vale during the 4th quarter valued at about $33,000. Triumph Capital Management purchased a new position in Vale during the 3rd quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC boosted its stake in Vale by 15,360.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 3,072 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VALE shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vale in a report on Friday, April 10th. Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. UBS Group upped their price target on Vale from $12.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Finally, Scotiabank set a $19.00 price objective on Vale in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Vale Trading Down 2.6%

NYSE:VALE opened at $14.70 on Wednesday. The company has a market cap of $66.70 billion, a PE ratio of 21.93 and a beta of 0.46. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $15.89 and a two-hundred day simple moving average of $15.69. Vale S.A. has a 12 month low of $9.36 and a 12 month high of $17.94.

Vale (NYSE:VALE) last released 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 firm had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. Vale had a net margin of 7.21% and a return on equity of 21.10%. Research analysts forecast that Vale S.A. will post 2.15 earnings per share for the current year.

Vale Company 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.