Waratah Capital Advisors Ltd. Purchases New Position in Vale S.A. (NYSE:VALE)

Waratah Capital Advisors Ltd. acquired a new stake in shares of Vale S.A. (NYSE:VALE – Get Rating) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 555,301 shares of the basic materials company’s stock, valued at approximately $11,100,000.

Several other large investors have also bought and sold shares of the company. Capital International Investors boosted its position in Vale by 8.6% during the 4th quarter. Capital International Investors now owns 203,688,052 shares of the basic materials company’s stock valued at $2,855,813,000 after acquiring an additional 16,114,413 shares in the last quarter. Capital World Investors boosted its position in shares of Vale by 3.1% in the 4th quarter. Capital World Investors now owns 133,754,081 shares of the basic materials company’s stock worth $1,875,248,000 after purchasing an additional 4,065,408 shares in the last quarter. Invesco Ltd. boosted its position in shares of Vale by 0.3% in the 4th quarter. Invesco Ltd. now owns 79,731,354 shares of the basic materials company’s stock worth $1,117,833,000 after purchasing an additional 216,573 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Vale by 76.4% in the 4th quarter. Schroder Investment Management Group now owns 24,691,781 shares of the basic materials company’s stock worth $346,178,000 after purchasing an additional 10,693,528 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Vale by 916.4% in the 4th quarter. Lazard Asset Management LLC now owns 12,794,140 shares of the basic materials company’s stock worth $179,373,000 after purchasing an additional 11,535,429 shares in the last quarter. 23.37% of the stock is owned by institutional investors.

Vale Price Performance

Vale stock traded up $0.34 during mid-day trading on Friday, hitting $13.20. The stock had a trading volume of 42,928,913 shares, compared to its average volume of 33,223,498. The firm’s 50 day moving average is $14.73 and its 200 day moving average is $16.70. Vale S.A. has a one year low of $11.16 and a one year high of $21.36. The firm has a market capitalization of $65.99 billion, a P/E ratio of 3.24, a P/E/G ratio of 1.09 and a beta of 0.93. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.40.

Vale Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 15th will be issued a $0.3907 dividend. This represents a dividend yield of 21.9%. The ex-dividend date is Friday, August 12th. Vale’s payout ratio is 35.54%.

Analyst Upgrades and Downgrades

VALE has been the topic of a number of analyst reports. Jefferies Financial Group raised Vale from a “hold” rating to a “buy” rating and boosted their price target for the stock from $17.00 to $24.00 in a research report on Tuesday, June 7th. BNP Paribas cut Vale from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, July 13th. Clarkson Capital reaffirmed a “buy” rating on shares of Vale in a research report on Tuesday, June 14th. Exane BNP Paribas cut Vale from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, July 13th. Finally, StockNews.com began coverage on Vale in a research report on Tuesday, May 31st. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.65.

Vale Profile

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Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.