Traders Buy Shares of Vale (VALE) on Weakness

Traders bought shares of Vale SA (NYSE:VALE) on weakness during trading hours on Monday. $102.06 million flowed into the stock on the tick-up and $39.86 million flowed out of the stock on the tick-down, for a money net flow of $62.20 million into the stock. Of all stocks tracked, Vale had the 19th highest net in-flow for the day. Vale traded down ($0.27) for the day and closed at $12.54

Several analysts have weighed in on VALE shares. TheStreet raised Vale from a “c+” rating to a “b-” rating in a research report on Tuesday, June 19th. ValuEngine cut Vale from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 2nd. Credit Suisse Group set a $17.00 price objective on Vale and gave the company a “buy” rating in a research report on Thursday, April 26th. Bank of America started coverage on Vale in a research report on Wednesday, March 28th. They set a “buy” rating and a $16.50 price objective on the stock. Finally, Royal Bank of Canada set a $16.00 price objective on Vale and gave the company a “buy” rating in a research report on Tuesday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.55.

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.13. The stock has a market capitalization of $66.84 billion, a P/E ratio of 9.29 and a beta of 1.66.

Vale (NYSE:VALE) last issued its quarterly earnings results on Wednesday, April 25th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Vale had a return on equity of 14.89% and a net margin of 13.53%. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.60 billion. equities analysts anticipate that Vale SA will post 1.36 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. boosted its position in shares of Vale by 95.3% in the 1st quarter. OppenheimerFunds Inc. now owns 29,506,800 shares of the basic materials company’s stock worth $375,327,000 after purchasing an additional 14,396,810 shares in the last quarter. Orbis Allan Gray Ltd lifted its position in Vale by 21.5% in the 4th quarter. Orbis Allan Gray Ltd now owns 20,438,611 shares of the basic materials company’s stock valued at $249,964,000 after acquiring an additional 3,617,688 shares in the last quarter. Oaktree Capital Management LP lifted its position in Vale by 4.1% in the 4th quarter. Oaktree Capital Management LP now owns 9,411,396 shares of the basic materials company’s stock valued at $115,102,000 after acquiring an additional 373,403 shares in the last quarter. Investec Asset Management LTD lifted its position in Vale by 379.3% in the 4th quarter. Investec Asset Management LTD now owns 8,309,203 shares of the basic materials company’s stock valued at $101,622,000 after acquiring an additional 6,575,645 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Vale by 6.5% in the 1st quarter. Northern Trust Corp now owns 6,279,967 shares of the basic materials company’s stock valued at $79,882,000 after acquiring an additional 383,478 shares in the last quarter. 19.48% of the stock is currently owned by hedge funds and other institutional investors.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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