Vale (NYSE:VALE) Issues Quarterly Earnings Results

Vale (NYSE:VALE) posted its quarterly earnings data on Thursday. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10), FiscalAI reports. Vale had a net margin of 7.21% and a return on equity of 21.10%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.47 billion.

Vale Trading Up 0.3%

Shares of NYSE:VALE traded up $0.04 during trading on Friday, reaching $15.03. 25,203,333 shares of the stock were exchanged, compared to its average volume of 29,766,896. The firm’s 50-day moving average price is $15.21 and its 200 day moving average price is $15.83. The firm has a market cap of $68.22 billion, a price-to-earnings ratio of 22.43 and a beta of 0.46. Vale has a 12-month low of $9.36 and a 12-month high of $17.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.24.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $16.00 in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price target on shares of Vale in a research note on Friday, May 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price target (down from $19.50) on shares of Vale in a report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Vale has a consensus rating of “Hold” and an average target price of $16.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in shares of Vale in the third quarter worth $34,000. EFG International AG acquired a new position in shares of Vale during the 4th quarter valued at $52,000. Caitlin John LLC lifted its holdings in shares of Vale by 85.4% during the 4th quarter. Caitlin John LLC now owns 4,310 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 1,985 shares in the last quarter. Arax Advisory Partners boosted its position in Vale by 1,167.2% during the 4th quarter. Arax Advisory Partners now owns 4,372 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 4,027 shares during the period. Finally, Kelleher Financial Advisors purchased a new stake in Vale during the 3rd quarter worth $64,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Company Profile

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.