Metis Global Partners LLC Has $2.27 Million Stock Position in Vale S.A. (NYSE:VALE)

Metis Global Partners LLC boosted its position in shares of Vale S.A. (NYSE:VALE - Free Report) by 42.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,705 shares of the basic materials company's stock after purchasing an additional 57,967 shares during the quarter. Metis Global Partners LLC's holdings in Vale were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of VALE. QRG Capital Management Inc. grew its stake in shares of Vale by 3.0% during the first quarter. QRG Capital Management Inc. now owns 48,109 shares of the basic materials company's stock worth $586,000 after purchasing an additional 1,396 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in 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 worth $5,076,000 after buying an additional 28,100 shares during the last quarter. Banco Santander S.A. grew its position in shares of Vale by 84.5% during the 1st 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 during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Vale by 13.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 734,088 shares of the basic materials company's stock valued at $8,949,000 after acquiring an additional 84,383 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Vale in the 1st quarter valued at approximately $493,000. Institutional investors own 21.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VALE shares. Morgan Stanley decreased their price objective on shares of Vale from $16.00 to $15.50 and set an "overweight" rating for the company in a report on Thursday, September 19th. Wolfe Research cut shares of Vale from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, October 9th. UBS Group lowered Vale from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $14.00 to $11.50 in a report on Monday, November 11th. StockNews.com initiated coverage on Vale in a research note on Friday, October 18th. They issued a "buy" rating for the company. Finally, Scotiabank dropped their price target on Vale from $17.00 to $16.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Vale presently has an average rating of "Hold" and a consensus price target of $15.83.

Vale Stock Down 0.2 %

NYSE VALE traded down $0.02 during trading on Friday, hitting $9.81. The stock had a trading volume of 15,469,511 shares, compared to its average volume of 27,579,684. Vale S.A. has a 12 month low of $9.66 and a 12 month high of $16.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The company's 50-day moving average price is $10.78 and its two-hundred day moving average price is $11.12. The company has a market capitalization of $43.98 billion, a PE ratio of 4.54, a P/E/G ratio of 0.27 and a beta of 0.94.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. The business had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same quarter in the previous year, the firm posted $0.66 earnings per share. As a group, sell-side analysts forecast that Vale S.A. will post 2.12 EPS for the current year.

Vale Company 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.