Deuterium Capital Management LLC Purchases New Stake in Vale S.A. (NYSE:VALE)

Deuterium Capital Management LLC acquired a new position in shares of Vale S.A. (NYSE:VALE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the basic materials company’s stock, valued at approximately $122,000.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP raised its stake in shares of Vale by 47.9% in the first quarter. Quantbot Technologies LP now owns 283,799 shares of the basic materials company’s stock valued at $3,460,000 after buying an additional 91,897 shares during the period. Gould Asset Management LLC CA raised its stake in Vale by 12.7% in the 1st quarter. Gould Asset Management LLC CA now owns 15,940 shares of the basic materials company’s stock valued at $194,000 after acquiring an additional 1,800 shares during the period. Csenge Advisory Group raised its stake in Vale by 18.4% in the 1st quarter. Csenge Advisory Group now owns 13,769 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 2,144 shares during the period. Pzena Investment Management LLC lifted its holdings in Vale by 73.1% during the first quarter. Pzena Investment Management LLC now owns 229,345 shares of the basic materials company’s stock valued at $2,796,000 after purchasing an additional 96,850 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in Vale by 27.2% during the first quarter. GSA Capital Partners LLP now owns 158,811 shares of the basic materials company’s stock worth $1,936,000 after purchasing an additional 33,957 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Price Performance

Shares of VALE traded up $0.13 during trading hours on Friday, reaching $11.52. 21,347,705 shares of the company’s stock traded hands, compared to its average volume of 25,977,547. Vale S.A. has a 12 month low of $10.99 and a 12 month high of $16.08. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market cap of $51.65 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 3.83 and a beta of 0.96. The firm’s 50 day simple moving average is $11.84 and its 200-day simple moving average is $12.77.

Vale (NYSE:VALE) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Vale had a net margin of 18.72% and a return on equity of 19.59%. The company had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Equities analysts expect that Vale S.A. will post 2.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VALE shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vale from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, April 4th. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. JPMorgan Chase & Co. cut their price target on Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Bank of America reiterated a “neutral” rating and set a $13.00 price objective (down from $20.00) on shares of Vale in a research note on Tuesday, April 9th. Finally, UBS Group dropped their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

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. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.