Mitchell Capital Management Co. Buys 2,074 Shares of Vale S.A. (NYSE:VALE)

Mitchell Capital Management Co. lifted its stake in Vale S.A. (NYSE:VALE) by 9.9% during the second quarter, HoldingsChannel.com reports. The firm owned 23,005 shares of the basic materials company’s stock after purchasing an additional 2,074 shares during the quarter. Mitchell Capital Management Co.’s holdings in Vale were worth $525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of VALE. Assetmark Inc. boosted its position in shares of Vale by 388.5% in the 1st quarter. Assetmark Inc. now owns 1,617 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,286 shares in the last quarter. JTC Employer Solutions Trusteee Ltd bought a new stake in shares of Vale in the 2nd quarter worth approximately $29,000. Capital Analysts LLC bought a new stake in shares of Vale in the 1st quarter worth approximately $36,000. Smith Asset Management Group LP boosted its position in shares of Vale by 336.8% in the 2nd quarter. Smith Asset Management Group LP now owns 1,660 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Eudaimonia Partners LLC bought a new stake in shares of Vale in the 1st quarter worth approximately $44,000. 24.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VALE opened at $17.83 on Wednesday. The firm has a market cap of $91.44 billion, a PE ratio of 5.42, a P/E/G ratio of 0.10 and a beta of 0.98. The company has a current ratio of 1.77, a quick ratio of 1.44 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $20.47 and a two-hundred day simple moving average of $20.18. Vale S.A. has a 1-year low of $10.29 and a 1-year high of $23.17.

Vale (NYSE:VALE) last announced its earnings results on Wednesday, July 28th. The basic materials company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.11. The business had revenue of $16.68 billion during the quarter, compared to analyst estimates of $16.78 billion. Vale had a net margin of 30.59% and a return on equity of 65.49%. As a group, research analysts forecast that Vale S.A. will post 5.7 EPS for the current fiscal year.

The business also recently disclosed a Variable dividend, which was paid on Thursday, July 8th. Stockholders of record on Friday, June 25th were paid a $1.8803 dividend. This represents a dividend yield of 8.92%. This is a positive change from Vale’s previous Variable dividend of $0.30. The ex-dividend date was Thursday, June 24th. Vale’s dividend payout ratio is 61.61%.

VALE has been the topic of a number of analyst reports. Scotiabank reissued an “outperform” rating and issued a $26.00 price target (up from $24.00) on shares of Vale in a research report on Monday, July 12th. HSBC boosted their price objective on shares of Vale from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Zacks Investment Research lowered shares of Vale from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Tuesday, August 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Vale from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Vale has a consensus rating of “Hold” and an average price target of $21.42.

About Vale

Vale SA engages in the production and exportation of iron ore, pellets, manganese, and iron alloys. It operates through the following segments: Ferrous Minerals, Base Metals, and Coal. The Ferrous Minerals segment includes production and extraction of iron ore, iron ore pellets, manganese, other ferrous products, and logistic services.

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Institutional Ownership by Quarter for Vale (NYSE:VALE)

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