Moneda S.A. Administradora General de Fondos Decreases Position in Vale S.A. $VALE

Moneda S.A. Administradora General de Fondos decreased its position in shares of Vale S.A. (NYSE:VALE) by 33.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,714 shares of the basic materials company’s stock after selling 162,721 shares during the period. Vale comprises 4.1% of Moneda S.A. Administradora General de Fondos’ portfolio, making the stock its 7th biggest position. Moneda S.A. Administradora General de Fondos’ holdings in Vale were worth $3,494,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Vale by 60.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,030 shares in the last quarter. Triumph Capital Management acquired a new stake in Vale during the 3rd quarter valued at $34,000. Huntington National Bank raised its position in Vale by 36.3% in the 3rd quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 1,256 shares during the last quarter. IFP Advisors Inc raised its position in Vale by 171.6% in the 3rd quarter. IFP Advisors Inc now owns 4,951 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 3,128 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Vale in the third quarter worth $59,000. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VALE shares. Wells Fargo & Company restated a “cautious” rating and set a $15.50 target price on shares of Vale in a report on Monday, February 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $14.50 to $15.50 in a research report on Thursday, March 12th. Finally, Zacks Research downgraded shares of Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.56.

Vale Stock Down 2.9%

NYSE VALE opened at $14.67 on Thursday. The stock has a fifty day moving average of $15.88 and a 200-day moving average of $13.28. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78.

Vale (NYSE:VALE) last released its earnings results on Thursday, February 12th. The basic materials company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%.The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.86 billion. Analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Vale 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.