Private Advisor Group LLC bought a new stake in VALE S.A. (NYSE:VALE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,004 shares of the basic materials company’s stock, valued at approximately $127,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its position in shares of VALE by 0.7% in the second quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 84 shares in the last quarter. Baldwin Investment Management LLC lifted its position in shares of VALE by 0.3% in the second quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 36 shares in the last quarter. Bailard Inc. purchased a new position in shares of VALE in the first quarter valued at approximately $143,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of VALE in the first quarter valued at approximately $180,000. Finally, Union Bankshares Corp purchased a new position in shares of VALE in the second quarter valued at approximately $179,000. Institutional investors and hedge funds own 9.57% of the company’s stock.

Several equities analysts have recently weighed in on the company. Credit Suisse Group set a $8.00 target price on VALE and gave the company a “hold” rating in a research report on Sunday, May 28th. Clarkson Capital restated a “neutral” rating on shares of VALE in a research report on Monday, July 10th. Vetr downgraded VALE from a “strong-buy” rating to a “buy” rating and set a $9.51 target price on the stock. in a research report on Monday, May 29th. BidaskClub downgraded VALE from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Cowen and Company restated a “hold” rating and issued a $10.00 target price on shares of VALE in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.67.

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Shares of VALE S.A. (NYSE VALE) opened at 10.16 on Monday. The firm has a market cap of $52.36 billion, a PE ratio of 14.66 and a beta of 1.56. VALE S.A. has a 1-year low of $5.27 and a 1-year high of $11.72. The firm’s 50-day moving average price is $10.52 and its 200 day moving average price is $9.30.

VALE (NYSE:VALE) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. VALE had a return on equity of 16.74% and a net margin of 11.01%. The company had revenue of $7.24 billion for the quarter. On average, equities research analysts forecast that VALE S.A. will post $1.19 EPS for the current fiscal year.

About VALE

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Institutional Ownership by Quarter for VALE (NYSE:VALE)

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