JGP Global Gestao de Recursos Ltda. acquired a new stake in Vale S.A. (NYSE:VALE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 570,760 shares of the basic materials company’s stock, valued at approximately $5,748,000. Vale S.A. makes up 5.9% of JGP Global Gestao de Recursos Ltda.’s investment portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VALE. Balyasny Asset Management LLC purchased a new position in Vale S.A. in the 2nd quarter valued at approximately $42,373,000. Acadian Asset Management LLC increased its stake in Vale S.A. by 55.2% in the 2nd quarter. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company’s stock valued at $95,804,000 after purchasing an additional 3,892,825 shares in the last quarter. Trilogy Global Advisors LP purchased a new position in Vale S.A. in the 2nd quarter valued at approximately $30,124,000. Key Group Holdings Cayman LTD. purchased a new position in Vale S.A. in the 2nd quarter valued at approximately $15,903,000. Finally, NINE MASTS CAPITAL Ltd increased its stake in Vale S.A. by 201.4% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 2,415,425 shares of the basic materials company’s stock valued at $21,135,000 after purchasing an additional 1,613,942 shares in the last quarter. 11.30% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on VALE shares. BMO Capital Markets set a $8.00 price objective on Vale S.A. and gave the company a “hold” rating in a research note on Tuesday, August 8th. Credit Suisse Group set a $8.00 price target on Vale S.A. and gave the stock a “hold” rating in a research report on Thursday, July 27th. TheStreet downgraded Vale S.A. from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Jefferies Group LLC reissued a “hold” rating on shares of Vale S.A. in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada raised Vale S.A. from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $14.50 in a research report on Monday. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $10.31.

Vale S.A. (NYSE VALE) traded up $0.31 during trading on Friday, reaching $10.77. The company’s stock had a trading volume of 32,878,301 shares, compared to its average volume of 28,493,389. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $55,501.85, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.56. Vale S.A. has a one year low of $7.47 and a one year high of $11.72.

Vale S.A. (NYSE:VALE) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.15. Vale S.A. had a return on equity of 19.02% and a net margin of 15.25%. The company had revenue of $9.05 billion during the quarter. research analysts anticipate that Vale S.A. will post 1.25 earnings per share for the current fiscal year.

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Vale S.A. Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Institutional Ownership by Quarter for Vale S.A. (NYSE:VALE)

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