60,523 Shares in Vale S.A. (NYSE:VALE) Bought by Vinland Capital Management Gestora de Recursos LTDA.

Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Vale S.A. (NYSE:VALE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 60,523 shares of the basic materials company's stock, valued at approximately $707,000. Vale comprises about 1.7% of Vinland Capital Management Gestora de Recursos LTDA.'s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pacifica Partners Inc. purchased a new position in Vale in the second quarter worth approximately $27,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Vale during the 2nd quarter worth about $45,000. Deuterium Capital Management LLC purchased a new stake in Vale in the 1st quarter valued at about $122,000. Vawter Financial Ltd. purchased a new stake in Vale in the 2nd quarter valued at about $124,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Vale in the second quarter valued at about $125,000. Hedge funds and other institutional investors own 21.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VALE shares. Morgan Stanley reduced their price target on shares of Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a research note on Thursday, September 19th. UBS Group dropped their price objective on Vale from $15.00 to $14.50 and set a "buy" rating for the company in a research note on Friday, July 5th. Scotiabank dropped their target price on Vale from $17.00 to $16.00 and set a "sector perform" rating for the company in a research report on Tuesday, October 15th. StockNews.com assumed coverage on shares of Vale in a research report on Friday, October 18th. They set a "buy" rating on the stock. Finally, Wolfe Research cut shares of Vale from a "peer perform" rating to an "underperform" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Vale presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.17.

Vale Stock Down 0.6 %

Shares of VALE traded down $0.07 during mid-day trading on Thursday, reaching $10.74. The company's stock had a trading volume of 10,790,969 shares, compared to its average volume of 27,418,006. The stock has a market cap of $48.15 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 0.73. Vale S.A. has a 12-month low of $9.66 and a 12-month high of $16.08. The company's 50 day moving average is $10.78 and its 200 day moving average is $11.26.

Vale (NYSE:VALE - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. Vale had a net margin of 23.07% and a return on equity of 22.23%. During the same period last year, the business earned $0.66 EPS. Equities analysts anticipate that Vale S.A. will post 2.06 EPS for the current fiscal 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.