Vale S.A. $VALE Stock Position Increased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lifted its position in Vale S.A. (NYSE:VALE) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 78,285 shares of the basic materials company’s stock after buying an additional 3,996 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Vale were worth $760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA acquired a new position in shares of Vale in the 1st quarter worth $30,000. GAMMA Investing LLC grew its holdings in shares of Vale by 98.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 2,021 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Vale by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 2,713 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Vale in the 1st quarter worth $41,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of Vale in the 2nd quarter worth $46,000. Institutional investors own 21.85% of the company’s stock.

Analysts Set New Price Targets

VALE has been the topic of a number of recent research reports. HSBC lifted their target price on Vale from $12.25 to $13.50 and gave the stock a “buy” rating in a report on Friday, October 17th. Zacks Research upgraded Vale from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Vale to a “hold” rating in a report on Wednesday, October 8th. UBS Group lifted their price target on Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Hsbc Global Res upgraded Vale to a “strong-buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Vale currently has an average rating of “Moderate Buy” and an average target price of $12.13.

Vale Price Performance

VALE opened at $11.41 on Friday. The stock has a market cap of $51.77 billion, a price-to-earnings ratio of 9.27 and a beta of 0.80. Vale S.A. has a 1 year low of $8.06 and a 1 year high of $11.66. The company has a current ratio of 1.22, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $9.98.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. Vale had a return on equity of 18.14% and a net margin of 14.23%.The company had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $9.54 billion. Analysts forecast that Vale S.A. will post 1.85 EPS for the current fiscal year.

Vale Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th were given a $0.3417 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a dividend yield of 740.0%. Vale’s payout ratio is currently 59.35%.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.