Vale (NYSE:VALE) Hits New 1-Year Low at $11.07

Shares of Vale S.A. (NYSE:VALE) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $11.07 and last traded at $11.13, with a volume of 2165291 shares. The stock had previously closed at $11.26.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VALE shares. Deutsche Bank Aktiengesellschaft lowered their target price on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, April 4th. StockNews.com started coverage on shares of Vale in a research note on Saturday, March 30th. They set a “buy” rating for the company. Bank of America restated a “neutral” rating and set a $13.00 price objective (down from $20.00) on shares of Vale in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Barclays increased their price objective on shares of Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.67.

Vale Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 1.12. The company has a market cap of $49.72 billion, a price-to-earnings ratio of 6.22, a price-to-earnings-growth ratio of 4.98 and a beta of 0.98. The stock’s fifty day moving average is $12.19 and its two-hundred day moving average is $13.27.

Vale (NYSE:VALE) last released its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Vale had a net margin of 18.72% and a return on equity of 19.59%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. Sell-side analysts predict that Vale S.A. will post 2.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Vale by 85.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 491,207 shares of the basic materials company’s stock worth $7,791,000 after buying an additional 225,806 shares during the period. Oaktree Capital Management LP lifted its stake in Vale by 8.1% in the 4th quarter. Oaktree Capital Management LP now owns 9,399,887 shares of the basic materials company’s stock worth $149,082,000 after purchasing an additional 705,520 shares in the last quarter. Blue Trust Inc. lifted its stake in Vale by 10.2% in the 4th quarter. Blue Trust Inc. now owns 10,097 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 932 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Vale by 49,161.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,413 shares of the basic materials company’s stock worth $38,705,000 after purchasing an additional 2,435,459 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in Vale in the 4th quarter worth approximately $190,000. 21.85% of the stock is owned by institutional investors.

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.