Vise Technologies Inc. Purchases New Holdings in Vale S.A. $VALE

Vise Technologies Inc. purchased a new stake in Vale S.A. (NYSE:VALE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,218 shares of the basic materials company’s stock, valued at approximately $157,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Vale by 101.3% in the second quarter. Allworth Financial LP now owns 10,951 shares of the basic materials company’s stock valued at $106,000 after buying an additional 5,511 shares in the last quarter. Midwest Trust Co bought a new position in shares of Vale in the 2nd quarter valued at about $115,000. Metis Global Partners LLC grew its position in shares of Vale by 23.9% in the 2nd quarter. Metis Global Partners LLC now owns 281,144 shares of the basic materials company’s stock valued at $2,730,000 after acquiring an additional 54,281 shares during the period. Savant Capital LLC increased its stake in shares of Vale by 234.1% during the 2nd quarter. Savant Capital LLC now owns 56,966 shares of the basic materials company’s stock worth $553,000 after purchasing an additional 39,915 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Vale by 11.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 529,967 shares of the basic materials company’s stock valued at $5,019,000 after purchasing an additional 55,543 shares during the period. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VALE shares. Jefferies Financial Group set a $15.00 price target on Vale and gave the stock a “buy” rating in a report on Monday, November 3rd. Wall Street Zen raised Vale from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. HSBC boosted their target price on Vale from $12.25 to $13.50 and gave the stock a “buy” rating in a report on Friday, October 17th. UBS Group raised their price target on Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Clarkson Capital began coverage on shares of Vale in a research report on Wednesday, September 3rd. They set a “buy” rating and a $12.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vale has a consensus rating of “Moderate Buy” and a consensus target price of $12.61.

Vale Price Performance

Shares of NYSE VALE opened at $12.18 on Wednesday. The firm has a market cap of $55.27 billion, a P/E ratio of 9.90 and a beta of 0.82. The business’s 50 day moving average is $11.37 and its 200-day moving average is $10.35. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $12.60.

Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.39 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. Equities research analysts predict that Vale S.A. will post 1.85 earnings per share for the current 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.