RWC Asset Advisors US LLC Buys New Stake in Vale S.A. $VALE

RWC Asset Advisors US LLC bought a new stake in shares of Vale S.A. (NYSE:VALE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,986,453 shares of the basic materials company’s stock, valued at approximately $65,013,000. Vale makes up 10.6% of RWC Asset Advisors US LLC’s portfolio, making the stock its 3rd largest position. RWC Asset Advisors US LLC owned approximately 0.13% of Vale as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co acquired a new stake in Vale in the second quarter worth about $34,000. GAMMA Investing LLC boosted its holdings in shares of Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 2,021 shares in the last quarter. Thompson Investment Management Inc. acquired a new position in shares of Vale during the second quarter valued at approximately $46,000. Westend Capital Management LLC bought a new position in Vale during the 2nd quarter valued at $48,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Vale during the 2nd quarter valued at $87,000. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VALE. Weiss Ratings restated a “hold (c-)” rating on shares of Vale in a research report on Monday, December 29th. HSBC increased their price target on Vale from $12.25 to $13.50 and gave the company a “buy” rating in a research report on Friday, October 17th. Wells Fargo & Company upped their price objective on shares of Vale from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 23rd. Scotiabank downgraded shares of Vale from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $14.00 to $15.00 in a research report on Thursday. Finally, Jefferies Financial Group set a $15.00 price target on shares of Vale and gave the company a “buy” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.21.

Vale Stock Down 0.6%

VALE stock opened at $13.89 on Tuesday. The company has a 50 day moving average of $12.84 and a two-hundred day moving average of $11.32. The company has a market cap of $63.41 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.45 and a beta of 0.53. Vale S.A. has a 12-month low of $8.06 and a 12-month high of $14.38. The company has a quick ratio of 0.82, a current ratio of 1.24 and a debt-to-equity ratio of 0.49.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.14. Vale had a return on equity of 18.60% and a net margin of 14.69%.The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.39 billion. On average, equities analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 12th will be given a dividend of $0.2331 per share. The ex-dividend date of this dividend is Friday, December 12th. Vale’s dividend payout ratio (DPR) is presently 69.23%.

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.