Capital International Inc. CA Buys 831,349 Shares of Vale SA (NYSE:VALE)

Capital International Inc. CA lifted its stake in shares of Vale SA (NYSE:VALE) by 9.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,563,696 shares of the basic materials company’s stock after buying an additional 831,349 shares during the quarter. Vale comprises 1.8% of Capital International Inc. CA’s investment portfolio, making the stock its 8th largest position. Capital International Inc. CA’s holdings in Vale were worth $126,241,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC raised its holdings in Vale by 552.3% during the fourth quarter. Gradient Investments LLC now owns 2,283 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,933 shares during the last quarter. Evoke Wealth LLC acquired a new position in Vale during the third quarter worth $38,000. Quadrant Capital Group LLC raised its holdings in Vale by 1,002.4% during the fourth quarter. Quadrant Capital Group LLC now owns 7,353 shares of the basic materials company’s stock worth $91,000 after buying an additional 6,686 shares during the last quarter. Toronto Dominion Bank raised its holdings in Vale by 370.0% during the fourth quarter. Toronto Dominion Bank now owns 9,400 shares of the basic materials company’s stock worth $124,000 after buying an additional 7,400 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Vale during the fourth quarter worth $136,000. Institutional investors own 18.08% of the company’s stock.

VALE has been the topic of several research reports. Citigroup upgraded shares of Vale from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $14.00 to $12.00 in a report on Tuesday, March 17th. HSBC upgraded shares of Vale from a “hold” rating to a “buy” rating in a report on Wednesday, March 11th. Morgan Stanley upgraded shares of Vale from an “equal weight” rating to an “overweight” rating and set a $13.50 price objective on the stock in a report on Tuesday, March 3rd. Royal Bank of Canada restated a “hold” rating on shares of Vale in a report on Wednesday, February 19th. Finally, Jefferies Financial Group upgraded shares of Vale from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $16.00 in a report on Wednesday, December 11th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Vale has a consensus rating of “Buy” and an average price target of $13.64.

Shares of VALE stock traded up $0.07 on Thursday, hitting $8.11. The stock had a trading volume of 1,127,900 shares, compared to its average volume of 50,694,632. The business has a 50 day moving average of $10.07 and a 200 day moving average of $11.65. The stock has a market cap of $38.46 billion, a price-to-earnings ratio of -24.64 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.23 and a quick ratio of 0.92. Vale SA has a 12-month low of $6.49 and a 12-month high of $14.19.

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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