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

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

A number of other institutional investors have also recently added to or reduced their stakes in VALE. NewEdge Advisors LLC grew its holdings in Vale by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 3,704 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Vale by 46.6% in the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 11,964 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Vale in the 1st quarter valued at $171,000. Strs Ohio bought a new stake in shares of Vale in the 1st quarter valued at $117,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of Vale in the 2nd quarter valued at $123,000. 21.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VALE shares. Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Morgan Stanley upped their price objective on shares of Vale from $18.00 to $19.50 and gave the company an “overweight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of Vale from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Vale in a research note on Friday, May 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.65.

Insider Buying and Selling at Vale

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

Vale Stock Down 3.6%

Shares of NYSE VALE opened at $15.20 on Friday. The firm has a market cap of $68.97 billion, a PE ratio of 22.68 and a beta of 0.46. Vale S.A. has a 12-month low of $8.97 and a 12-month high of $17.94. The company’s fifty day simple moving average is $16.53 and its 200 day simple moving average is $15.27. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48.

Vale (NYSE:VALE) last issued its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). The company had revenue of $9.26 billion for the quarter, compared to the consensus estimate of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. As a group, sell-side analysts forecast that Vale S.A. will post 2.15 earnings per share for the current fiscal year.

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.