Vale S.A. (NYSE:VALE - Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors acquired 43,218 call options on the company. This is an increase of 52% compared to the typical volume of 28,516 call options.
Vale Price Performance
VALE stock traded up $0.54 during mid-day trading on Wednesday, hitting $15.65. 15,392,246 shares of the stock were exchanged, compared to its average volume of 29,197,275. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. The stock has a market capitalization of $71.06 billion, a price-to-earnings ratio of 31.95 and a beta of 0.47. The business has a fifty day moving average price of $14.65 and a 200 day moving average price of $15.63. Vale has a 12 month low of $10.15 and a 12 month high of $17.94.
Vale (NYSE:VALE - Get Free Report) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (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 business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.47 billion. On average, sell-side analysts anticipate that Vale will post 1.9 EPS for the current year.
Vale Dividend Announcement
The company also recently announced a special dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be given a $0.3088 dividend. The ex-dividend date is Thursday, August 13th. Vale's dividend payout ratio (DPR) is 89.80%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Vale in a research report on Monday, June 15th. Barclays increased their target price on Vale from $16.75 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Wall Street Zen lowered Vale from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. JPMorgan Chase & Co. lifted their price target on shares of Vale from $19.50 to $21.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $18.00 target price on shares of Vale in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $16.00.
View Our Latest Stock Analysis on Vale
Institutional Trading of Vale
Several hedge funds have recently made changes to their positions in VALE. Todd Asset Management LLC increased its stake in Vale by 51.6% in the 4th quarter. Todd Asset Management LLC now owns 6,239,516 shares of the basic materials company's stock valued at $81,301,000 after buying an additional 2,124,412 shares during the period. Leonteq Securities AG acquired a new stake in shares of Vale in the fourth quarter valued at approximately $6,038,000. Truist Financial Corp lifted its stake in shares of Vale by 16,205.4% during the fourth quarter. Truist Financial Corp now owns 8,109,148 shares of the basic materials company's stock valued at $105,662,000 after acquiring an additional 8,059,415 shares during the period. Pinebridge Investments LLC bought a new stake in Vale during the 4th quarter worth about $4,642,000. Finally, Qtron Investments LLC boosted its position in Vale by 79.6% during the fourth quarter. Qtron Investments LLC now owns 149,116 shares of the basic materials company's stock valued at $1,943,000 after purchasing an additional 66,093 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company's stock.
Vale Company Profile
(
Get Free Report)
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.
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