Cibc World Market Inc. Buys 167,954 Shares of Vale S.A. $VALE

Cibc World Market Inc. boosted its stake in Vale S.A. (NYSE:VALE) by 21.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 952,345 shares of the basic materials company’s stock after buying an additional 167,954 shares during the quarter. Cibc World Market Inc.’s holdings in Vale were worth $14,323,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VALE. Arrowstreet Capital Limited Partnership grew its stake in shares of Vale by 2,239.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after acquiring an additional 39,818,066 shares in the last quarter. Capital World Investors lifted its position in shares of Vale by 58.2% during the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after purchasing an additional 32,864,929 shares in the last quarter. GQG Partners LLC lifted its position in shares of Vale by 42.4% during the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after purchasing an additional 19,397,396 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Vale by 15,202.2% during the first quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock worth $249,209,000 after purchasing an additional 15,561,279 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Vale by 119.9% during the first quarter. Bank of America Corp DE now owns 21,837,416 shares of the basic materials company’s stock worth $347,433,000 after purchasing an additional 11,905,247 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Vale Trading Up 3.1%

Shares of VALE stock opened at $15.04 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. Vale S.A. has a 1 year low of $10.08 and a 1 year high of $17.94. The stock has a market capitalization of $68.29 billion, a price-to-earnings ratio of 30.70 and a beta of 0.47. The company’s fifty day simple moving average is $14.70 and its two-hundred day simple moving average is $15.70.

Vale (NYSE:VALE) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a return on equity of 19.87% and a net margin of 5.11%.The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.47 billion. As a group, analysts anticipate that Vale S.A. will post 1.9 earnings per share for the current year.

Vale Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be paid a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale’s dividend payout ratio is currently 89.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VALE shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research note on Wednesday, July 8th. Wall Street Zen downgraded Vale from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Barclays lifted their price target on Vale from $16.75 to $17.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Scotiabank cut their price objective on Vale from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

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.