Investors Buy Vale (VALE) on Weakness

Investors bought shares of Vale SA (NYSE:VALE) on weakness during trading hours on Friday. $76.07 million flowed into the stock on the tick-up and $44.26 million flowed out of the stock on the tick-down, for a money net flow of $31.81 million into the stock. Of all stocks tracked, Vale had the 29th highest net in-flow for the day. Vale traded down ($0.24) for the day and closed at $13.39

A number of equities research analysts have commented on the company. BMO Capital Markets set a $16.00 target price on Vale and gave the company a “buy” rating in a report on Monday, July 30th. Macquarie raised Vale from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 26th. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.00 price target on shares of Vale in a research note on Wednesday, July 25th. Clarkson Capital raised Vale from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 24th. Finally, ValuEngine downgraded Vale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Vale currently has a consensus rating of “Buy” and a consensus target price of $14.70.

The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $71.12 billion, a P/E ratio of 10.40 and a beta of 1.72.

The firm also recently declared a special dividend, which will be paid on Thursday, September 27th. Shareholders of record on Monday, August 6th will be issued a $0.0462 dividend. The ex-dividend date is Friday, August 3rd. Vale’s dividend payout ratio (DPR) is 6.67%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. grew its stake in Vale by 54.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17,000 shares of the basic materials company’s stock worth $216,000 after buying an additional 6,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in Vale by 18.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,080,098 shares of the basic materials company’s stock worth $13,739,000 after buying an additional 169,852 shares during the last quarter. Comerica Bank grew its stake in Vale by 4.8% during the 1st quarter. Comerica Bank now owns 288,058 shares of the basic materials company’s stock worth $4,067,000 after buying an additional 13,182 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in Vale during the 1st quarter worth $1,066,000. Finally, MUFG Securities EMEA plc bought a new position in Vale during the 1st quarter worth $266,000. Institutional investors own 19.83% of the company’s stock.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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