Investors Sell Vale (VALE) on Strength (VALE)

Traders sold shares of Vale S.A. (NYSE:VALE) on strength during trading on Monday. $59.59 million flowed into the stock on the tick-up and $92.78 million flowed out of the stock on the tick-down, for a money net flow of $33.19 million out of the stock. Of all companies tracked, Vale had the 0th highest net out-flow for the day. Vale traded up $0.42 for the day and closed at $11.32

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Vale from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Wednesday, October 18th. Macquarie raised shares of Vale from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 21st. Morgan Stanley assumed coverage on shares of Vale in a research note on Monday, September 25th. They issued a “weight” rating on the stock. Royal Bank Of Canada set a $15.00 target price on shares of Vale and gave the stock a “buy” rating in a research note on Tuesday. Finally, TheStreet raised shares of Vale from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Vale currently has a consensus rating of “Buy” and a consensus target price of $10.87.

The stock has a market capitalization of $58,336.20, a price-to-earnings ratio of 7.45, a PEG ratio of 0.72 and a beta of 1.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.86 and a quick ratio of 1.47.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.15. The business had revenue of $9.05 billion during the quarter. Vale had a net margin of 15.25% and a return on equity of 19.02%. sell-side analysts anticipate that Vale S.A. will post 1.21 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baldwin Investment Management LLC increased its holdings in Vale by 0.3% in the 2nd quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 36 shares during the last quarter. Wedbush Securities Inc. increased its holdings in Vale by 0.7% in the 2nd quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 84 shares during the last quarter. TD Asset Management Inc. increased its holdings in Vale by 1.1% in the 2nd quarter. TD Asset Management Inc. now owns 34,205 shares of the basic materials company’s stock valued at $299,000 after purchasing an additional 369 shares during the last quarter. Investment Centers of America Inc. increased its holdings in Vale by 1.9% in the 2nd quarter. Investment Centers of America Inc. now owns 40,089 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 748 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Vale by 8.4% in the 2nd quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 893 shares during the last quarter. Institutional investors and hedge funds own 20.37% of the company’s stock.

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About Vale

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.

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