B. Riley Wealth Advisors Inc. Makes New $174,000 Investment in Vale S.A. (NYSE:VALE)

B. Riley Wealth Advisors Inc. bought a new position in Vale S.A. (NYSE:VALE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,956 shares of the basic materials company’s stock, valued at approximately $174,000.

A number of other institutional investors and hedge funds have also modified their holdings of VALE. Envestnet Portfolio Solutions Inc. purchased a new position in Vale during the third quarter valued at $269,000. Stifel Financial Corp lifted its position in Vale by 2.5% during the third quarter. Stifel Financial Corp now owns 280,785 shares of the basic materials company’s stock valued at $3,763,000 after purchasing an additional 6,716 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Vale by 224.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,335 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 3,691 shares in the last quarter. Natixis Advisors L.P. lifted its position in Vale by 1.9% during the third quarter. Natixis Advisors L.P. now owns 614,898 shares of the basic materials company’s stock valued at $8,240,000 after purchasing an additional 11,649 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in Vale during the third quarter valued at $887,000. Institutional investors own 21.85% of the company’s stock.

Vale Trading Up 0.1 %

Shares of VALE stock opened at $11.17 on Friday. Vale S.A. has a 12-month low of $10.99 and a 12-month high of $16.08. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average price is $12.01 and its 200-day moving average price is $13.04. The stock has a market capitalization of $50.08 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98.

Vale (NYSE:VALE) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.35 billion. Equities research analysts predict that Vale S.A. will post 2.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VALE shares. Morgan Stanley lowered their price objective on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research report on Friday, June 21st. StockNews.com started coverage on Vale in a research report on Saturday, March 30th. They issued a “buy” rating on the stock. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Barclays boosted their price objective on Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.91.

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.