Traders Buy Vale (VALE) on Weakness

Investors bought shares of Vale SA (NYSE:VALE) on weakness during trading hours on Tuesday. $80.13 million flowed into the stock on the tick-up and $55.98 million flowed out of the stock on the tick-down, for a money net flow of $24.15 million into the stock. Of all companies tracked, Vale had the 26th highest net in-flow for the day. Vale traded down ($0.08) for the day and closed at $13.24

Several research firms have commented on VALE. Barclays set a $15.00 price target on shares of Vale and gave the stock a “buy” rating in a report on Monday. Credit Suisse Group upgraded shares of Vale from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $11.32 to $15.00 in a report on Tuesday, December 5th. Sandler O’Neill upgraded shares of Vale from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Santander upgraded shares of Vale from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Finally, Royal Bank of Canada set a $15.00 price objective on shares of Vale and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $11.51.

The firm has a market cap of $70,330.00, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.97 and a beta of 1.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.86 and a quick ratio of 1.47.

Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.15. Vale had a net margin of 26.25% and a return on equity of 21.71%. The business had revenue of $9.05 billion during the quarter. sell-side analysts predict that Vale SA will post 1.24 earnings per share for the current year.

The firm also recently declared a None dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, December 26th will be given a $0.098 dividend. The ex-dividend date of this dividend is Friday, December 22nd. Vale’s dividend payout ratio (DPR) is 26.15%.

A number of hedge funds have recently added to or reduced their stakes in VALE. First Trust Advisors LP raised its position in Vale by 570.0% in the 2nd quarter. First Trust Advisors LP now owns 191,257 shares of the basic materials company’s stock valued at $1,673,000 after purchasing an additional 162,713 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Vale by 132.8% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 44,000 shares of the basic materials company’s stock valued at $385,000 after purchasing an additional 25,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Vale by 77.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,000 shares of the basic materials company’s stock valued at $542,000 after purchasing an additional 27,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Vale in the 2nd quarter valued at $216,000. Finally, Private Advisor Group LLC purchased a new stake in Vale in the 2nd quarter valued at $127,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

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About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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