Vale S.A. $VALE Stock Holdings Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Vale S.A. (NYSE:VALE) by 27.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,053,337 shares of the basic materials company’s stock after purchasing an additional 3,012,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Vale were worth $223,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of Vale by 77.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock worth $271,145,000 after acquiring an additional 9,103,727 shares during the period. Aberdeen Group plc increased its stake in shares of Vale by 2.4% during the fourth quarter. Aberdeen Group plc now owns 2,838,991 shares of the basic materials company’s stock valued at $36,992,000 after acquiring an additional 66,896 shares during the period. Surience Private Wealth LLC acquired a new position in shares of Vale during the fourth quarter valued at approximately $2,218,000. Euro Pacific Asset Management LLC raised its holdings in Vale by 575.2% during the fourth quarter. Euro Pacific Asset Management LLC now owns 488,718 shares of the basic materials company’s stock worth $6,368,000 after purchasing an additional 416,339 shares in the last quarter. Finally, Todd Asset Management LLC raised its holdings in Vale by 51.6% during the fourth quarter. Todd Asset Management LLC now owns 6,239,516 shares of the basic materials company’s stock worth $81,301,000 after purchasing an additional 2,124,412 shares in the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Price Performance

NYSE VALE opened at $14.79 on Friday. Vale S.A. has a 1 year low of $9.36 and a 1 year high of $17.94. The business’s fifty day moving average is $15.34 and its two-hundred day moving average is $15.80. The stock has a market capitalization of $67.15 billion, a P/E ratio of 22.08 and a beta of 0.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24.

Vale (NYSE:VALE) last released its quarterly earnings data 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 company had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. On average, research analysts forecast that Vale S.A. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Wall Street Zen lowered Vale from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $19.00 in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 target price on shares of Vale in a report on Friday, May 15th. Finally, Wells Fargo & Company cut their price target on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.31.

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.