Snowden Capital Advisors LLC Purchases 1,349 Shares of Vale S.A. (NYSE:VALE)

Snowden Capital Advisors LLC raised its position in shares of Vale S.A. (NYSE:VALE) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,181 shares of the basic materials company’s stock after acquiring an additional 1,349 shares during the period. Snowden Capital Advisors LLC’s holdings in Vale were worth $214,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in shares of Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 1,938 shares during the period. Cornerstone Planning Group LLC grew its position in Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after buying an additional 3,092 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Vale during the 4th quarter worth $30,000. Atlas Capital Advisors Inc. increased its stake in Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,623 shares during the period. Finally, R Squared Ltd bought a new position in Vale during the 4th quarter worth $41,000. Institutional investors own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of recent research reports. Wall Street Zen initiated coverage on Vale in a research note on Wednesday, May 7th. They set a “hold” rating on the stock. CICC Research initiated coverage on Vale in a research note on Monday, May 12th. They set an “outperform” rating and a $11.30 price objective on the stock. UBS Group lowered their price objective on Vale from $10.50 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Bank of America upgraded Vale from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a research note on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vale currently has a consensus rating of “Hold” and a consensus price target of $12.04.

Vale Trading Up 0.2%

Shares of VALE stock opened at $9.60 on Friday. The stock’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $9.47. The company has a market cap of $43.55 billion, a PE ratio of 6.66, a P/E/G ratio of 0.31 and a beta of 0.83. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $12.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.

Vale (NYSE:VALE) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Equities analysts predict 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.