Verus Capital Partners LLC Raises Holdings in Vale S.A. $VALE

Verus Capital Partners LLC increased its position in shares of Vale S.A. (NYSE:VALE) by 117.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,123 shares of the basic materials company’s stock after buying an additional 62,600 shares during the period. Verus Capital Partners LLC’s holdings in Vale were worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VALE. Bleakley Financial Group LLC purchased a new position in Vale during the 3rd quarter valued at about $234,000. Monaco Asset Management SAM purchased a new stake in shares of Vale in the 3rd quarter worth approximately $15,476,000. D Orazio & Associates Inc. boosted its stake in shares of Vale by 19.9% during the third quarter. D Orazio & Associates Inc. now owns 55,809 shares of the basic materials company’s stock valued at $606,000 after purchasing an additional 9,264 shares in the last quarter. NewEdge Wealth LLC purchased a new position in Vale during the third quarter valued at approximately $230,000. Finally, CenterBook Partners LP purchased a new position in Vale during the third quarter valued at approximately $906,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company restated a “cautious” rating and set a $15.50 target price on shares of Vale in a report on Monday, February 16th. UBS Group increased their price target on shares of Vale from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Jefferies Financial Group set a $15.00 target price on shares of Vale and gave the company a “buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada raised Vale from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $14.20 in a report on Wednesday, December 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.88.

Vale Stock Up 1.1%

Vale stock opened at $16.90 on Tuesday. The firm has a market cap of $76.69 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 0.48 and a beta of 0.53. Vale S.A. has a 52 week low of $8.06 and a 52 week high of $17.72. The business’s 50-day moving average price is $14.98 and its 200 day moving average price is $12.62. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 0.53.

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

Vale Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 12th were issued a $0.2331 dividend. The ex-dividend date was Friday, December 12th. Vale’s payout ratio is presently 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.