Key Points
- Vale VP Sobrinho Sami Arap purchased 12,990 shares at an average price of $16.11 on April 1, a transaction worth about $209,269 disclosed in an SEC filing.
- Vale reported quarterly EPS of -$0.90, missing estimates despite a revenue beat, while analysts hold a "Moderate Buy" consensus with a $15.25 target and several recent price-target upgrades up to $19.
Vale S.A. (NYSE:VALE - Get Free Report) insider Parenti Grazielle Tallia purchased 10,464 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average cost of $16.11 per share, with a total value of $168,575.04. Following the transaction, the insider owned 10,464 shares in the company, valued at $168,575.04. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Vale Stock Performance
Shares of VALE stock opened at $16.18 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $16.00 and a two-hundred day simple moving average of $13.67. Vale S.A. has a 12 month low of $8.06 and a 12 month high of $17.72. The firm has a market capitalization of $73.45 billion, a PE ratio of 28.90 and a beta of 0.53.
Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The basic materials company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($1.42). The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.86 billion. Vale had a net margin of 6.12% and a return on equity of 20.16%. Analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on VALE shares. Zacks Research cut shares of Vale from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 5th. Royal Bank Of Canada downgraded Vale from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from $14.50 to $15.50 in a research note on Thursday, March 12th. Weiss Ratings restated a "hold (c-)" rating on shares of Vale in a report on Monday, December 29th. The Goldman Sachs Group lifted their target price on Vale from $13.80 to $18.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded Vale from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.25.
View Our Latest Stock Report on Vale
Institutional Investors Weigh In On Vale
A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in Vale by 6.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,216,984 shares of the basic materials company's stock valued at $28,890,000 after buying an additional 133,229 shares during the last quarter. World Investment Advisors boosted its stake in shares of Vale by 115.2% in the 4th quarter. World Investment Advisors now owns 33,546 shares of the basic materials company's stock worth $437,000 after buying an additional 17,955 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new position in shares of Vale in the fourth quarter valued at approximately $261,000. Rehmann Capital Advisory Group grew its holdings in shares of Vale by 49.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 16,509 shares of the basic materials company's stock valued at $215,000 after acquiring an additional 5,477 shares in the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of Vale during the fourth quarter valued at approximately $280,000. 21.85% of the stock is owned by institutional investors.
Vale Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
