Bank of Montreal Can Has $1.92 Million Stock Holdings in Vale S.A. (NYSE:VALE)

Bank of Montreal Can increased its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 274.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,453 shares of the basic materials company's stock after acquiring an additional 119,061 shares during the quarter. Bank of Montreal Can's holdings in Vale were worth $1,915,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Vale by 6.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company's stock valued at $92,868,000 after acquiring an additional 468,432 shares during the period. International Assets Investment Management LLC increased its holdings in Vale by 1,680.0% in the third quarter. International Assets Investment Management LLC now owns 242,514 shares of the basic materials company's stock valued at $2,833,000 after purchasing an additional 228,890 shares during the last quarter. Banco Santander S.A. increased its holdings in Vale by 32.9% in the third quarter. Banco Santander S.A. now owns 382,082 shares of the basic materials company's stock valued at $4,463,000 after purchasing an additional 94,585 shares during the last quarter. Cetera Advisors LLC increased its holdings in Vale by 109.1% in the first quarter. Cetera Advisors LLC now owns 101,406 shares of the basic materials company's stock valued at $1,236,000 after purchasing an additional 52,906 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Vale by 395.3% in the second quarter. Marshall Wace LLP now owns 7,152,069 shares of the basic materials company's stock valued at $79,889,000 after purchasing an additional 5,707,969 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.

Vale Stock Down 2.7 %

Shares of NYSE:VALE traded down $0.26 during mid-day trading on Friday, reaching $9.35. 27,875,911 shares of the stock were exchanged, compared to its average volume of 27,522,600. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market cap of $41.92 billion, a P/E ratio of 4.33, a P/E/G ratio of 0.26 and a beta of 0.91. Vale S.A. has a one year low of $9.33 and a one year high of $16.08. The stock's 50 day simple moving average is $10.57 and its 200-day simple moving average is $10.86.

Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period last year, the company earned $0.66 earnings per share. As a group, equities research analysts predict that Vale S.A. will post 2.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Scotiabank dropped their price objective on Vale from $16.00 to $14.00 and set a "sector perform" rating for the company in a report on Wednesday, November 20th. Barclays dropped their price objective on Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a report on Wednesday. StockNews.com assumed coverage on Vale in a report on Friday, October 18th. They issued a "buy" rating for the company. UBS Group downgraded Vale from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Morgan Stanley lowered their price target on Vale from $16.00 to $15.50 and set an "overweight" rating for the company in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Vale presently has a consensus rating of "Hold" and a consensus price target of $14.91.

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.