Cibc World Market Inc. Acquires 67,987 Shares of Vale S.A. $VALE

Cibc World Market Inc. raised its holdings in Vale S.A. (NYSE:VALE) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 816,277 shares of the basic materials company’s stock after purchasing an additional 67,987 shares during the period. Cibc World Market Inc.’s holdings in Vale were worth $10,636,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in Vale by 77.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 20,809,302 shares of the basic materials company’s stock valued at $271,145,000 after purchasing an additional 9,103,727 shares during the period. Aberdeen Group plc raised its position in shares of Vale by 2.4% in the 4th quarter. Aberdeen Group plc now owns 2,838,991 shares of the basic materials company’s stock valued at $36,992,000 after buying an additional 66,896 shares in the last quarter. Surience Private Wealth LLC acquired a new position in shares of Vale in the 4th quarter valued at approximately $2,218,000. Euro Pacific Asset Management LLC raised its position in shares of Vale by 575.2% in the 4th quarter. Euro Pacific Asset Management LLC now owns 488,718 shares of the basic materials company’s stock valued at $6,368,000 after buying an additional 416,339 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Vale in the 3rd quarter valued at approximately $2,352,000. Institutional investors own 21.85% of the company’s stock.

Insider Buying and Selling

In related news, insider Parenti Grazielle Tallia acquired 10,464 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average cost of $16.11 per share, for a total transaction of $168,575.04. Following the transaction, the insider directly owned 10,464 shares in the company, valued at $168,575.04. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sobrinho Sami Arap acquired 12,990 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were bought at an average price of $16.11 per share, with a total value of $209,268.90. Following the completion of the transaction, the vice president owned 12,990 shares in the company, valued at $209,268.90. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Vale Price Performance

VALE stock opened at $15.20 on Friday. The company has a 50 day simple moving average of $16.53 and a 200 day simple moving average of $15.27. The stock has a market cap of $68.97 billion, a price-to-earnings ratio of 22.68 and a beta of 0.46. Vale S.A. has a 1 year low of $8.97 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.24 and a quick ratio of 0.79.

Vale (NYSE:VALE) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The company had revenue of $9.26 billion for the quarter, compared to analyst estimates of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. Research analysts anticipate that Vale S.A. will post 2.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Wall Street Zen cut shares of Vale from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Scotiabank boosted their target price on shares of Vale from $16.50 to $18.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vale from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.65.

About Vale

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.