Vale S.A. $VALE Position Raised by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. boosted its position in Vale S.A. (NYSE:VALE) by 43.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,126 shares of the basic materials company’s stock after purchasing an additional 35,561 shares during the period. Tocqueville Asset Management L.P.’s holdings in Vale were worth $1,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of Vale by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,913 shares of the basic materials company’s stock valued at $377,000 after purchasing an additional 632 shares during the period. Chesapeake Capital Corp IL raised its stake in shares of Vale by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 72,358 shares of the basic materials company’s stock worth $943,000 after buying an additional 646 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Vale by 1.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 38,134 shares of the basic materials company’s stock valued at $497,000 after buying an additional 675 shares during the period. NewEdge Wealth LLC lifted its holdings in shares of Vale by 2.8% in the first quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock valued at $410,000 after buying an additional 708 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Vale by 1.3% during the fourth quarter. Quadrant Capital Group LLC now owns 66,870 shares of the basic materials company’s stock valued at $871,000 after buying an additional 853 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Stock Performance

VALE opened at $14.23 on Friday. The firm has a market cap of $64.59 billion, a PE ratio of 29.04 and a beta of 0.47. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $14.74 and a 200-day simple moving average of $15.72. Vale S.A. has a fifty-two week low of $9.68 and a fifty-two week high of $17.94.

Vale (NYSE:VALE) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%. As a group, equities analysts predict that Vale S.A. will post 1.9 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be paid a $0.3088 dividend. The ex-dividend date of this dividend is Thursday, August 13th. Vale’s dividend payout ratio (DPR) is currently 89.80%.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of research analyst reports. Bank of America reaffirmed a “neutral” rating and set a $16.00 target price (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 price target on shares of Vale in a report on Friday, May 15th. Zacks Research lowered shares of Vale from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. The Goldman Sachs Group cut shares of Vale from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $16.00 in a research note on Monday, July 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Vale has an average rating of “Hold” and an average target price of $16.00.

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.