Vale SA (VALE) Sees Large Increase in Short Interest

Vale SA (NYSE:VALE) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 85,382,267 shares, a growth of 9.4% from the January 12th total of 78,075,572 shares. Based on an average daily trading volume, of 28,898,603 shares, the short-interest ratio is presently 3.0 days.

Vale (NYSE:VALE) opened at $12.91 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.52. The firm has a market cap of $67,380.00, a price-to-earnings ratio of 10.09, a P/E/G ratio of 0.85 and a beta of 1.67. Vale has a 1-year low of $7.47 and a 1-year high of $13.57.

The firm also recently announced a None dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, December 26th will be issued a dividend of $0.098 per share. The ex-dividend date is Friday, December 22nd. Vale’s payout ratio is 26.56%.

Several large investors have recently bought and sold shares of VALE. BlackRock Inc. lifted its holdings in shares of Vale by 7.8% during the 4th quarter. BlackRock Inc. now owns 106,225,211 shares of the basic materials company’s stock valued at $1,299,134,000 after acquiring an additional 7,698,364 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Vale by 43.7% during the 4th quarter. Acadian Asset Management LLC now owns 20,382,633 shares of the basic materials company’s stock valued at $249,279,000 after acquiring an additional 6,199,051 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vale by 358.7% during the 4th quarter. Bank of New York Mellon Corp now owns 3,292,030 shares of the basic materials company’s stock valued at $40,262,000 after acquiring an additional 2,574,285 shares in the last quarter. Investec Asset Management LTD acquired a new position in shares of Vale during the 3rd quarter valued at $17,457,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Vale by 247,063.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,651,050 shares of the basic materials company’s stock valued at $20,192,000 after acquiring an additional 1,650,382 shares in the last quarter. Institutional investors and hedge funds own 19.03% of the company’s stock.

Several analysts have recently issued reports on VALE shares. Credit Suisse Group raised shares of Vale from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $11.32 to $15.00 in a research note on Tuesday, December 5th. Morgan Stanley raised shares of Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Monday, November 27th. Royal Bank of Canada set a $15.00 price objective on shares of Vale and gave the company a “buy” rating in a research note on Tuesday, December 5th. Macquarie raised shares of Vale from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 21st. Finally, Barclays set a $15.00 price objective on shares of Vale and gave the company a “buy” rating in a research note on Monday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $11.79.

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About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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