Shares of Vale SA (NYSE:VALE) have received a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.50.

Several analysts have recently commented on the company. BMO Capital Markets set a $16.00 target price on Vale and gave the company a “buy” rating in a research note on Monday, July 30th. Jefferies Financial Group set a $15.00 price target on Vale and gave the company a “hold” rating in a research note on Friday, July 27th. ValuEngine downgraded Vale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Clarkson Capital upgraded Vale from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $12.00 price target on shares of Vale in a research note on Wednesday, July 25th.

A number of hedge funds have recently added to or reduced their stakes in VALE. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Vale by 1,518.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,027 shares of the basic materials company’s stock worth $106,000 after buying an additional 7,531 shares in the last quarter. Smithfield Trust Co. bought a new position in shares of Vale during the 2nd quarter worth approximately $121,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Vale during the 1st quarter worth approximately $127,000. Moors & Cabot Inc. bought a new position in shares of Vale during the 1st quarter worth approximately $132,000. Finally, M&T Bank Corp bought a new position in shares of Vale during the 1st quarter worth approximately $138,000. Institutional investors and hedge funds own 20.02% of the company’s stock.

Shares of VALE traded down $0.10 during trading hours on Friday, hitting $12.89. The stock had a trading volume of 1,207,941 shares, compared to its average volume of 17,726,538. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.25. The company has a market cap of $65.85 billion, a PE ratio of 9.70 and a beta of 1.75. Vale has a 1-year low of $9.53 and a 1-year high of $15.24.

The business also recently declared a special dividend, which will be paid on Thursday, September 27th. Shareholders of record on Monday, August 6th will be paid a dividend of $0.0462 per share. The ex-dividend date is Friday, August 3rd. Vale’s dividend payout ratio (DPR) is currently 6.67%.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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