Vale S.A. $VALE Shares Newly Purchased by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC purchased a new stake in Vale S.A. (NYSE:VALE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 74,100 shares of the basic materials company’s stock, valued at approximately $994,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nykredit A S purchased a new stake in Vale in the 2nd quarter valued at approximately $3,162,000. Corient Private Wealth LP acquired a new stake in Vale during the 2nd quarter valued at $1,119,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Vale by 445.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 115,656 shares of the basic materials company’s stock valued at $1,739,000 after buying an additional 94,466 shares during the last quarter. Vontobel Holding Ltd. increased its position in Vale by 112.7% during the third quarter. Vontobel Holding Ltd. now owns 175,479 shares of the basic materials company’s stock worth $2,353,000 after buying an additional 92,970 shares in the last quarter. Finally, Amundi increased its position in Vale by 27.4% during the second quarter. Amundi now owns 2,243,230 shares of the basic materials company’s stock worth $33,738,000 after buying an additional 482,313 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of NYSE:VALE opened at $11.57 on Thursday. The company has a market cap of $52.54 billion, a P/E ratio of 77.17 and a beta of 0.50. The company has a quick ratio of 0.71, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Vale S.A. has a 52 week low of $10.96 and a 52 week high of $17.94. The business has a fifty day simple moving average of $13.30 and a 200-day simple moving average of $15.10.

Vale (NYSE:VALE) last released its earnings results on Thursday, October 29th. The basic materials company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09). Vale had a net margin of 1.64% and a return on equity of 16.54%. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.45 billion. Equities research analysts forecast that Vale S.A. will post 1.56 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on VALE. JPMorgan Chase & Co. boosted their price target on Vale from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. UBS Group decreased their price objective on Vale from $14.50 to $13.50 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. The Goldman Sachs Group cut Vale from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $16.00 in a research report on Monday, July 27th. Morgan Stanley set a $15.50 target price on shares of Vale in a research note on Wednesday, October 7th. Finally, Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.96.

About Vale

Vale S.A. is a Brazilian mining and logistics company best known for producing iron ore and iron ore pellets, which are used in steelmaking. Its other products include nickel, copper, cobalt and manganese, serving customers in the steel, energy and technology industries. Founded in 1942 as Companhia Vale do Rio Doce, the company is headquartered in Rio de Janeiro. Its operations and projects span several countries, including Brazil, Canada and Indonesia. In addition to mining, Vale operates railways, ports and other logistics infrastructure that support the transportation of its products.