Deuterium Capital Management LLC Buys New Shares in Vale S.A. (NYSE:VALE)

Deuterium Capital Management LLC bought a new position in Vale S.A. (NYSE:VALE) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,000 shares of the basic materials company’s stock, valued at approximately $122,000.

A number of other institutional investors have also bought and sold shares of the business. Versant Capital Management Inc bought a new position in shares of Vale during the first quarter worth $26,000. Whittier Trust Co. grew its position in shares of Vale by 423.1% during the fourth quarter. Whittier Trust Co. now owns 1,951 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 1,578 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Vale during the fourth quarter valued at about $31,000. Richardson Financial Services Inc. bought a new stake in shares of Vale in the fourth quarter worth about $31,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Vale in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley reduced their price objective on Vale from $18.00 to $15.50 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Bank of America reaffirmed a “neutral” rating and set a $13.00 price target (down previously from $20.00) on shares of Vale in a research note on Tuesday, April 9th. BNP Paribas raised shares of Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. reduced their target price on shares of Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, UBS Group lowered their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, July 5th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Vale Trading Up 1.1 %

Shares of VALE traded up $0.13 during mid-day trading on Friday, reaching $11.52. 21,347,705 shares of the company’s stock traded hands, compared to its average volume of 25,977,547. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.79. The stock’s 50-day moving average is $11.84 and its two-hundred day moving average is $12.77. Vale S.A. has a 12 month low of $10.99 and a 12 month high of $16.08. The stock has a market cap of $51.65 billion, a P/E ratio of 6.36, a P/E/G ratio of 3.83 and a beta of 0.96.

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