Vale S.A. (NYSE:VALE) Shares Purchased by Dynamo Internacional Gestao DE Recursos LTDA.

Dynamo Internacional Gestao DE Recursos LTDA. grew its holdings in Vale S.A. (NYSE:VALE) by 8.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,770,137 shares of the basic materials company’s stock after purchasing an additional 212,668 shares during the period. Vale comprises approximately 7.2% of Dynamo Internacional Gestao DE Recursos LTDA.’s investment portfolio, making the stock its 4th biggest holding. Dynamo Internacional Gestao DE Recursos LTDA. owned approximately 0.06% of Vale worth $32,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VALE. Pacifica Partners Inc. bought a new stake in Vale during the second quarter worth $27,000. Lowe Wealth Advisors LLC acquired a new position in shares of Vale during the 2nd quarter worth $45,000. Phillips Wealth Planners LLC bought a new stake in shares of Vale during the 3rd quarter worth $118,000. Vawter Financial Ltd. acquired a new stake in Vale in the second quarter valued at about $124,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in Vale in the second quarter valued at about $125,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Stock Performance

Shares of Vale stock opened at $9.87 on Friday. The stock has a market cap of $44.23 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 0.27 and a beta of 0.94. Vale S.A. has a twelve month low of $9.64 and a twelve month high of $16.08. The company’s fifty day moving average is $10.69 and its 200 day moving average is $10.95. 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 released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating 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 firm had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the previous year, the company posted $0.66 EPS. Sell-side analysts forecast that Vale S.A. will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

VALE has been the subject of a number of research reports. UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.50 in a report on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 23rd. Scotiabank cut their target price on shares of Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 20th. StockNews.com initiated coverage on shares of Vale in a report on Friday, October 18th. They set a “buy” rating for the company. Finally, Morgan Stanley cut their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vale presently has a consensus rating of “Hold” and a consensus target price of $15.13.

Vale 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.