SeaCrest Wealth Management LLC Has $336,000 Holdings in Vale S.A. (NYSE:VALE)

SeaCrest Wealth Management LLC raised its holdings in shares of Vale S.A. (NYSE:VALE) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,580 shares of the basic materials company’s stock after purchasing an additional 2,800 shares during the period. SeaCrest Wealth Management LLC’s holdings in Vale were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in VALE. Stifel Financial Corp lifted its position in Vale by 2.5% during the 3rd 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 during the period. Bank of Nova Scotia acquired a new position in Vale during the 3rd quarter valued at about $887,000. Glenmede Trust Co. NA lifted its position in Vale by 7.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 21,300 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 1,546 shares during the period. Advisors Asset Management Inc. lifted its position in Vale by 2.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177,165 shares of the basic materials company’s stock valued at $2,374,000 after purchasing an additional 4,911 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new position in Vale during the 3rd quarter valued at about $161,000. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Vale Price Performance

NYSE VALE opened at $11.61 on Thursday. The business has a 50 day simple moving average of $11.96 and a 200 day simple moving average of $12.96. Vale S.A. has a 52-week low of $10.99 and a 52-week high of $16.08. 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 stock has a market cap of $52.05 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 3.72 and a beta of 0.96.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays upped their target price on shares of Vale from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Bank of America reiterated a “neutral” rating and issued a $13.00 price target (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th. Morgan Stanley cut their price target on shares of Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research report on Friday, June 21st. UBS Group upgraded shares of Vale from a “neutral” rating to a “buy” rating and increased their price target for the company from $13.00 to $15.00 in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.