Vale (NYSE:VALE) Sets New 1-Year High – Here’s What Happened

Vale S.A. (NYSE:VALE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $16.35 and last traded at $16.1920, with a volume of 5136303 shares traded. The stock had previously closed at $16.18.

Analyst Ratings Changes

VALE has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded shares of Vale from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $11.00 to $14.20 in a research note on Wednesday, December 10th. Zacks Research upgraded Vale from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Scotiabank lowered Vale from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $14.00 to $15.00 in a research report on Thursday, January 8th. Wells Fargo & Company increased their price objective on Vale from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Wall Street Zen cut shares of Vale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.38.

Vale Price Performance

The business has a fifty day moving average of $13.49 and a two-hundred day moving average of $11.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.82 and a current ratio of 1.24. The firm has a market capitalization of $71.26 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.39 billion. Vale had a net margin of 14.69% and a return on equity of 18.60%. As a group, research analysts predict that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 12th were issued a $0.2331 dividend. The ex-dividend date of this dividend was Friday, December 12th. Vale’s dividend payout ratio is currently 67.69%.

Institutional Investors Weigh In On Vale

A number of institutional investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in Vale during the 4th quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Vale by 60.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,030 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of Vale in the second quarter valued at about $34,000. Triumph Capital Management bought a new stake in shares of Vale in the third quarter valued at about $34,000. Finally, GAMMA Investing LLC grew its stake in shares of Vale by 98.4% in the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 2,021 shares in the last quarter. Institutional investors own 21.85% of the company’s stock.

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.