Banco Bilbao Vizcaya Argentaria S.A. Has $5.51 Million Stake in Vale S.A. $VALE

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Vale S.A. (NYSE:VALE) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 511,654 shares of the basic materials company’s stock after purchasing an additional 39,818 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Vale were worth $5,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VALE. Cary Street Partners Investment Advisory LLC grew its position in Vale by 60.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,030 shares during the last quarter. Huntington National Bank boosted its stake in shares of Vale by 36.3% during the third quarter. Huntington National Bank now owns 4,713 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 1,256 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Vale during the third quarter worth about $59,000. Kelleher Financial Advisors acquired a new position in shares of Vale in the third quarter valued at approximately $64,000. Finally, Tower Research Capital LLC TRC bought a new position in Vale in the 2nd quarter valued at approximately $87,000. Institutional investors own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank Of Canada cut shares of Vale from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $14.50 to $15.50 in a research report on Thursday, March 12th. Wall Street Zen lowered Vale from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. UBS Group lifted their target price on Vale from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Zacks Research downgraded Vale from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $16.50 target price on shares of Vale in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.56.

Vale Stock Performance

VALE stock opened at $15.06 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78. The company’s 50-day moving average is $15.85 and its 200-day moving average is $13.24. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $17.72.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, February 12th. The basic materials company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%. Equities analysts anticipate that Vale S.A. will post 1.85 EPS for the current year.

Vale Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.