Metis Global Partners LLC Acquires 57,967 Shares of Vale S.A. (NYSE:VALE)

Metis Global Partners LLC boosted its holdings in Vale S.A. (NYSE:VALE) by 42.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,705 shares of the basic materials company’s stock after purchasing an additional 57,967 shares during the period. Metis Global Partners LLC’s holdings in Vale were worth $2,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. QRG Capital Management Inc. raised its position in Vale by 3.0% during the 1st quarter. QRG Capital Management Inc. now owns 48,109 shares of the basic materials company’s stock valued at $586,000 after purchasing an additional 1,396 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Vale by 7.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 416,360 shares of the basic materials company’s stock valued at $5,076,000 after buying an additional 28,100 shares during the period. Banco Santander S.A. raised its stake in Vale by 84.5% in the first quarter. Banco Santander S.A. now owns 159,330 shares of the basic materials company’s stock worth $1,942,000 after buying an additional 72,993 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Vale by 13.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 734,088 shares of the basic materials company’s stock worth $8,949,000 after buying an additional 84,383 shares during the period. Finally, MQS Management LLC bought a new stake in Vale during the 1st quarter valued at approximately $493,000. 21.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com assumed coverage on Vale in a research note on Friday, October 18th. They issued a “buy” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. Scotiabank dropped their price objective on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Wolfe Research lowered shares of Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Finally, UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Vale currently has a consensus rating of “Hold” and an average price target of $15.83.

Vale Stock Down 0.3 %

Shares of NYSE:VALE opened at $9.81 on Friday. The stock has a market cap of $43.96 billion, a price-to-earnings ratio of 4.54, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. The firm’s 50 day moving average price is $10.79 and its 200 day moving average price is $11.14. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, equities research analysts predict that Vale S.A. will post 2.12 earnings per share for the current fiscal year.

About Vale

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.