White Knight Strategic Wealth Advisors LLC Purchases 58,815 Shares of Vale S.A. (NYSE:VALE)

White Knight Strategic Wealth Advisors LLC boosted its holdings in shares of Vale S.A. (NYSE:VALE - Free Report) by 124.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,020 shares of the basic materials company's stock after buying an additional 58,815 shares during the quarter. White Knight Strategic Wealth Advisors LLC's holdings in Vale were worth $940,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VALE. SG Americas Securities LLC increased its stake in shares of Vale by 39.4% in the fourth quarter. SG Americas Securities LLC now owns 349,851 shares of the basic materials company's stock worth $3,103,000 after purchasing an additional 98,899 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,938 shares in the last quarter. Truist Financial Corp raised its position in shares of Vale by 18.2% during the 4th quarter. Truist Financial Corp now owns 33,704 shares of the basic materials company's stock valued at $299,000 after buying an additional 5,189 shares in the last quarter. US Bancorp DE increased its position in shares of Vale by 164.5% during the 4th quarter. US Bancorp DE now owns 148,857 shares of the basic materials company's stock valued at $1,320,000 after purchasing an additional 92,570 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Vale by 92.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 26,689 shares of the basic materials company's stock worth $237,000 after acquiring an additional 12,801 shares during the last quarter. Institutional investors own 21.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VALE. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 price objective (down previously from $12.00) on shares of Vale in a report on Thursday, April 17th. StockNews.com started coverage on Vale in a research report on Wednesday, May 7th. They set a "hold" rating on the stock. UBS Group reduced their price objective on shares of Vale from $10.50 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Bank of America raised Vale from a "neutral" rating to a "buy" rating and raised their price target for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Finally, CICC Research assumed coverage on Vale in a research report on Monday, May 12th. They issued an "outperform" rating and a $11.30 target price on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Vale currently has a consensus rating of "Hold" and an average price target of $12.04.

Vale Price Performance

NYSE:VALE opened at $9.83 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The company has a 50 day moving average price of $9.51 and a 200-day moving average price of $9.48. Vale S.A. has a 1-year low of $8.06 and a 1-year high of $13.14. The firm has a market cap of $44.62 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83.

Vale (NYSE:VALE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. Equities research analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.3758 dividend. This represents a dividend yield of 7.5%. The ex-dividend date was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. Vale's payout ratio is currently 54.35%.

Vale Profile

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.

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