Sanctuary Advisors LLC Takes Position in Vale S.A. (NYSE:VALE)

Sanctuary Advisors LLC acquired a new stake in shares of Vale S.A. (NYSE:VALE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,911 shares of the basic materials company’s stock, valued at approximately $429,000.

Other large investors also recently modified their holdings of the company. Pacifica Partners Inc. purchased a new position in shares of Vale during the 2nd quarter valued at about $27,000. Lowe Wealth Advisors LLC purchased a new position in shares of Vale during the 2nd quarter valued at about $45,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Vale during the 1st quarter valued at about $49,000. Sound Income Strategies LLC raised its holdings in shares of Vale by 133.7% during the 1st quarter. Sound Income Strategies LLC now owns 6,629 shares of the basic materials company’s stock valued at $81,000 after buying an additional 3,792 shares in the last quarter. Finally, Deuterium Capital Management LLC purchased a new position in shares of Vale during the 1st quarter valued at about $122,000. 21.85% of the stock is owned by hedge funds and other institutional investors.

Vale Price Performance

Shares of VALE stock opened at $10.99 on Thursday. The firm has a market cap of $49.25 billion, a P/E ratio of 6.07, a P/E/G ratio of 0.30 and a beta of 0.93. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08. The business’s 50 day moving average price is $10.70 and its 200-day moving average price is $11.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08.

Vale (NYSE:VALE) last issued its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. On average, equities research analysts anticipate that Vale S.A. will post 2.06 earnings per share for the current year.

Vale Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 5th were given a dividend of $0.3698 per share. The ex-dividend date of this dividend was Monday, August 5th. This is a positive change from Vale’s previous semi-annual dividend of $0.32. This represents a dividend yield of 12.1%. Vale’s payout ratio is currently 64.09%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VALE. UBS Group decreased their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. Morgan Stanley decreased their price target on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a research note on Friday, June 21st. Finally, Scotiabank decreased their price target on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vale currently has an average rating of “Moderate Buy” and an average target price of $16.15.

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.