RWC Asset Advisors US LLC Makes New $65.01 Million Investment in Vale S.A. $VALE

RWC Asset Advisors US LLC purchased a new position in Vale S.A. (NYSE:VALE) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,986,453 shares of the basic materials company’s stock, valued at approximately $65,013,000. Vale comprises about 10.6% of RWC Asset Advisors US LLC’s holdings, making the stock its 3rd largest holding.

Other hedge funds have also made changes to their positions in the company. Abbington Investment Group acquired a new stake in Vale in the 3rd quarter worth approximately $1,604,000. Benjamin Edwards Inc. acquired a new stake in shares of Vale in the third quarter worth $114,000. SG Americas Securities LLC boosted its holdings in shares of Vale by 58.5% during the 3rd quarter. SG Americas Securities LLC now owns 405,405 shares of the basic materials company’s stock worth $4,403,000 after buying an additional 149,551 shares during the period. Moran Wealth Management LLC raised its holdings in Vale by 5.9% in the 3rd quarter. Moran Wealth Management LLC now owns 62,317 shares of the basic materials company’s stock worth $677,000 after acquiring an additional 3,483 shares during the period. Finally, Kathmere Capital Management LLC lifted its position in Vale by 50.0% during the 3rd quarter. Kathmere Capital Management LLC now owns 118,664 shares of the basic materials company’s stock worth $1,289,000 after acquiring an additional 39,559 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Wall Street Analysts Forecast Growth

VALE has been the topic of several research analyst reports. Scotiabank lowered Vale from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $14.00 to $15.00 in a research note on Thursday. Jefferies Financial Group set a $15.00 price target on Vale and gave the stock a “buy” rating in a research report on Monday, November 3rd. Hsbc Global Res raised Vale to a “strong-buy” rating in a research report on Friday, October 17th. Royal Bank Of Canada upgraded shares of Vale from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $11.00 to $14.20 in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.21.

Vale Trading Down 0.6%

VALE stock opened at $13.89 on Tuesday. The business has a fifty day moving average price of $12.84 and a 200 day moving average price of $11.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 0.82. Vale S.A. has a fifty-two week low of $8.06 and a fifty-two week high of $14.38. The stock has a market capitalization of $63.41 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.45 and a beta of 0.53.

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

Vale Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 12th will be issued a $0.2331 dividend. The ex-dividend date is Friday, December 12th. Vale’s dividend payout ratio is 69.23%.

About Vale

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.