Vale S.A. (NYSE:VALE) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP increased its stake in shares of Vale S.A. (NYSE:VALE) by 723.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,035,477 shares of the basic materials company’s stock after buying an additional 1,788,205 shares during the period. Bridgewater Associates LP’s holdings in Vale were worth $23,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Vale by 18.2% in the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company’s stock valued at $427,550,000 after buying an additional 5,635,167 shares in the last quarter. SPX Gestao de Recursos Ltda increased its holdings in Vale by 60.6% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock valued at $245,404,000 after acquiring an additional 8,288,112 shares in the last quarter. Fisher Asset Management LLC raised its position in Vale by 10.7% during the third quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company’s stock worth $203,290,000 after acquiring an additional 1,682,544 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vale by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,906,975 shares of the basic materials company’s stock valued at $139,073,000 after purchasing an additional 53,061 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Vale by 20.4% in the second quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company’s stock valued at $118,815,000 after purchasing an additional 1,854,940 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VALE has been the subject of several research reports. JPMorgan Chase & Co. cut their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. UBS Group cut Vale from a “buy” rating to a “neutral” rating and cut their price target for the stock from $14.00 to $11.50 in a report on Monday, November 11th. StockNews.com began coverage on Vale in a research note on Friday, October 18th. They set a “buy” rating on the stock. Wolfe Research downgraded shares of Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. Finally, Scotiabank decreased their price target on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.13.

Vale Stock Performance

NYSE:VALE opened at $9.86 on Thursday. The company has a market cap of $44.20 billion, a P/E ratio of 4.56, a P/E/G ratio of 0.27 and a beta of 0.94. The firm’s 50 day moving average is $10.72 and its two-hundred day moving average is $10.98. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the previous year, the business earned $0.66 EPS. Analysts expect that Vale S.A. will post 2.12 EPS for the current year.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.