Tocqueville Asset Management L.P. lowered its holdings in shares of Vale SA (NYSE:VALE) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,325 shares of the basic materials company’s stock after selling 4,850 shares during the period. Tocqueville Asset Management L.P.’s holdings in Vale were worth $2,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Gould Asset Management LLC CA lifted its holdings in shares of Vale by 6.9% during the second quarter. Gould Asset Management LLC CA now owns 14,739 shares of the basic materials company’s stock valued at $198,000 after acquiring an additional 950 shares during the period. Signaturefd LLC lifted its holdings in shares of Vale by 16.2% during the first quarter. Signaturefd LLC now owns 10,768 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 1,502 shares during the period. American Beacon Advisors Inc. bought a new position in shares of Vale during the first quarter valued at $35,000. Wetherby Asset Management Inc. lifted its holdings in shares of Vale by 7.8% during the second quarter. Wetherby Asset Management Inc. now owns 37,398 shares of the basic materials company’s stock valued at $502,000 after acquiring an additional 2,713 shares during the period. Finally, Enterprise Financial Services Corp lifted its holdings in shares of Vale by 338.7% during the first quarter. Enterprise Financial Services Corp now owns 4,124 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 3,184 shares during the period. Hedge funds and other institutional investors own 19.20% of the company’s stock.

A number of brokerages have issued reports on VALE. Zacks Investment Research cut Vale from a “buy” rating to a “hold” rating in a report on Monday, May 6th. ValuEngine raised Vale from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Royal Bank of Canada raised Vale from an “underperform” rating to a “sector perform” rating and set a $11.00 price objective for the company in a report on Friday, May 24th. BMO Capital Markets set a $13.00 price objective on Vale and gave the company a “hold” rating in a report on Tuesday, May 14th. Finally, Bank of America raised Vale from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.50 to $15.50 in a report on Friday, May 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Vale has an average rating of “Hold” and an average target price of $14.22.

Vale stock opened at $11.06 on Thursday. The firm has a 50-day simple moving average of $13.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.87. Vale SA has a 12-month low of $10.89 and a 12-month high of $16.13. The company has a market capitalization of $58.91 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 1.99 and a beta of 1.09.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.34). Vale had a net margin of 9.30% and a return on equity of 21.11%. The business had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.31 billion. Equities analysts predict that Vale SA will post 1.39 EPS for the current fiscal year.

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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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