Investors Buy Shares of Vale (VALE) on Weakness

Traders bought shares of Vale SA (NYSE:VALE) on weakness during trading on Monday. $37.73 million flowed into the stock on the tick-up and $16.47 million flowed out of the stock on the tick-down, for a money net flow of $21.26 million into the stock. Of all stocks tracked, Vale had the 19th highest net in-flow for the day. Vale traded down $0.00 for the day and closed at $11.92

A number of analysts have recently commented on VALE shares. BMO Capital Markets set a $11.00 price objective on shares of Vale and gave the company a “hold” rating in a research report on Thursday, December 7th. Royal Bank of Canada set a $15.00 price target on shares of Vale and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Credit Suisse Group raised shares of Vale from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $11.32 to $15.00 in a research report on Tuesday, December 5th. UBS Group raised shares of Vale from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Finally, Morgan Stanley upgraded shares of Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective on the stock in a research note on Monday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $11.08.

The stock has a market capitalization of $62,194.41, a PE ratio of 11.96, a P/E/G ratio of 0.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.86 and a quick ratio of 1.47.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.15. Vale had a net margin of 15.25% and a return on equity of 19.02%. The company had revenue of $9.05 billion for the quarter. equities analysts forecast that Vale SA will post 1.21 EPS for the current fiscal year.

The business also recently declared a None dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Tuesday, December 26th will be paid a $0.098 dividend. The ex-dividend date is Friday, December 22nd. Vale’s payout ratio is currently 23.76%.

A number of hedge funds and other institutional investors have recently modified their holdings of VALE. Balyasny Asset Management LLC bought a new position in Vale in the 2nd quarter valued at approximately $42,373,000. Trilogy Global Advisors LP bought a new position in Vale in the 2nd quarter valued at approximately $30,124,000. Key Group Holdings Cayman LTD. bought a new position in Vale in the 2nd quarter valued at approximately $15,903,000. Investec Asset Management LTD bought a new position in Vale in the 3rd quarter valued at approximately $17,457,000. Finally, NINE MASTS CAPITAL Ltd raised its holdings in Vale by 201.4% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 2,415,425 shares of the basic materials company’s stock valued at $21,135,000 after buying an additional 1,613,942 shares during the last quarter. Institutional investors and hedge funds own 18.89% of the company’s stock.

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Vale Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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