1,425,000 Shares in Vale S.A. $VALE Purchased by Monaco Asset Management SAM

Monaco Asset Management SAM acquired a new stake in Vale S.A. (NYSE:VALE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,425,000 shares of the basic materials company’s stock, valued at approximately $15,476,000. Vale accounts for approximately 0.9% of Monaco Asset Management SAM’s investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. D Orazio & Associates Inc. lifted its position in shares of Vale by 19.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 55,809 shares of the basic materials company’s stock valued at $606,000 after buying an additional 9,264 shares in the last quarter. NewEdge Wealth LLC acquired a new position in Vale during the third quarter worth $230,000. CenterBook Partners LP purchased a new position in Vale during the third quarter valued at $906,000. GSA Capital Partners LLP grew its position in shares of Vale by 2.0% in the third quarter. GSA Capital Partners LLP now owns 80,945 shares of the basic materials company’s stock valued at $879,000 after purchasing an additional 1,602 shares during the period. Finally, Mondrian Investment Partners LTD purchased a new stake in shares of Vale during the third quarter worth about $123,532,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VALE has been the topic of several research analyst reports. Wall Street Zen cut Vale from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered Vale from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Scotiabank reiterated a “sector perform” rating and set a $16.50 price target on shares of Vale in a research report on Monday, February 9th. Royal Bank Of Canada raised Vale from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $11.00 to $14.20 in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.88.

Vale Price Performance

VALE stock opened at $16.69 on Friday. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $17.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.82. The firm has a market capitalization of $75.77 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 0.46 and a beta of 0.53. The business has a 50 day simple moving average of $14.90 and a 200-day simple moving average of $12.53.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, February 12th. The basic materials company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a return on equity of 20.16% and a net margin of 6.12%. Equities research analysts anticipate that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 12th were issued a dividend of $0.2331 per share. The ex-dividend date was Friday, December 12th. Vale’s payout ratio is currently 157.14%.

Vale Company Profile

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.