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

Tocqueville Asset Management L.P. boosted its stake in shares of Vale S.A. (NYSE:VALE) by 43.6% in the second quarter, according to its most recent filing 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 quarter. Tocqueville Asset Management L.P.’s holdings in Vale were worth $1,762,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in Vale by 4.9% in the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after buying an additional 3,704 shares during the period. Jones Financial Companies Lllp lifted its stake in Vale by 46.6% in the first quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after buying an additional 11,964 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Vale during the first quarter valued at $171,000. Strs Ohio acquired a new position in shares of Vale during the first quarter valued at $117,000. Finally, Sivia Capital Partners LLC bought a new position in shares of Vale during the second quarter worth about $123,000. 21.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VALE shares. Bank of America reaffirmed a “neutral” rating and issued a $16.00 price objective (down from $18.00) on shares of Vale in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 target price on shares of Vale in a research note on Friday, May 15th. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. Scotiabank dropped their price target on shares of Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Monday, July 20th. Finally, Zacks Research cut Vale from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

Vale Trading Up 2.4%

NYSE:VALE opened at $14.23 on Friday. Vale S.A. has a 1 year low of $9.68 and a 1 year high of $17.94. The stock has a market cap of $64.59 billion, a price-to-earnings ratio of 29.04 and a beta of 0.47. The business has a fifty day moving average of $14.74 and a 200-day moving average of $15.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19.

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

Vale Dividend Announcement

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

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.