GAMMA Investing LLC Acquires 18,190 Shares of Vale S.A. (NYSE:VALE)

GAMMA Investing LLC lifted its holdings in shares of Vale S.A. (NYSE:VALE) by 787.8% in the first quarter, Holdings Channel.com reports. The fund owned 20,499 shares of the basic materials company’s stock after purchasing an additional 18,190 shares during the period. GAMMA Investing LLC’s holdings in Vale were worth $2,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,938 shares during the period. Truist Financial Corp grew its stake in Vale by 18.2% in the fourth quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company’s stock worth $299,000 after purchasing an additional 5,189 shares during the period. US Bancorp DE grew its stake in Vale by 164.5% in the fourth quarter. US Bancorp DE now owns 148,857 shares of the basic materials company’s stock worth $1,320,000 after purchasing an additional 92,570 shares during the period. Atria Wealth Solutions Inc. grew its stake in Vale by 92.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 26,689 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 12,801 shares during the period. Finally, Stephens Inc. AR purchased a new stake in Vale in the fourth quarter worth $188,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VALE has been the topic of a number of recent research reports. Wall Street Zen initiated coverage on Vale in a research note on Wednesday, May 7th. They issued a “hold” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 target price (down from $12.00) on shares of Vale in a research note on Thursday, April 17th. CICC Research initiated coverage on Vale in a research note on Monday, May 12th. They issued an “outperform” rating and a $11.30 target price on the stock. UBS Group cut their target price on Vale from $10.50 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Bank of America raised Vale from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $11.50 in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Vale has an average rating of “Hold” and an average target price of $12.04.

Vale Price Performance

VALE opened at $9.44 on Friday. The business has a fifty day moving average of $9.40 and a 200 day moving average of $9.39. Vale S.A. has a 52-week low of $8.06 and a 52-week high of $12.05. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The stock has a market cap of $42.83 billion, a P/E ratio of 6.55, a PEG ratio of 0.31 and a beta of 0.76.

Vale (NYSE:VALE) last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, sell-side analysts anticipate that Vale S.A. will post 1.85 EPS for the current year.

About Vale

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.