Navi International Administradora e Gestora de Recursos Financeiros Ltda. Invests $779,000 in Vale S.A. $VALE

Navi International Administradora e Gestora de Recursos Financeiros Ltda. acquired a new position in shares of Vale S.A. (NYSE:VALE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 51,789 shares of the basic materials company’s stock, valued at approximately $779,000. Vale accounts for approximately 0.5% of Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors have also recently added to or reduced their stakes in VALE. NewEdge Advisors LLC lifted its stake in Vale by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after acquiring an additional 3,704 shares in the last quarter. Jones Financial Companies Lllp grew its position in Vale by 46.6% in the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 11,964 shares in the last quarter. Empowered Funds LLC acquired a new position in Vale in the 1st quarter valued at about $171,000. Strs Ohio purchased a new stake in Vale during the first quarter worth about $117,000. Finally, Sivia Capital Partners LLC purchased a new stake in Vale during the second quarter worth about $123,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

Analyst Upgrades and Downgrades

VALE has been the subject of several recent research reports. Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. The Goldman Sachs Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $16.00 in a research note on Monday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Bank of America reissued a “neutral” rating and issued a $16.00 price target (down from $18.00) on shares of Vale in a research report on Wednesday, August 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $16.50 price target (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Vale currently has a consensus rating of “Hold” and an average price target of $16.33.

Vale Stock Performance

Shares of Vale stock opened at $15.28 on Friday. Vale S.A. has a one year low of $10.33 and a one year high of $17.94. The company has a market cap of $69.36 billion, a PE ratio of 31.18 and a beta of 0.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19. The business has a 50-day simple moving average of $14.67 and a 200-day simple moving average of $15.61.

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

Vale Announces Dividend

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

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.