Anthracite Investment Company Inc. Makes New Investment in Vale S.A. (NYSE:VALE)

Anthracite Investment Company Inc. acquired a new stake in shares of Vale S.A. (NYSE:VALE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 430,000 shares of the basic materials company's stock, valued at approximately $3,814,000. Vale comprises about 1.3% of Anthracite Investment Company Inc.'s portfolio, making the stock its 16th largest holding.

Other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in shares of Vale by 18.2% during the third quarter. FMR LLC now owns 36,605,338 shares of the basic materials company's stock valued at $427,550,000 after purchasing an additional 5,635,167 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Vale by 3,692.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,200,000 shares of the basic materials company's stock worth $212,576,000 after acquiring an additional 17,720,100 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Vale by 10.7% during the third quarter. Fisher Asset Management LLC now owns 17,404,942 shares of the basic materials company's stock valued at $203,290,000 after acquiring an additional 1,682,544 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Vale by 123.4% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 12,059,814 shares of the basic materials company's stock valued at $140,859,000 after acquiring an additional 6,660,933 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in Vale by 13.3% in the 4th quarter. Mondrian Investment Partners LTD now owns 11,754,809 shares of the basic materials company's stock worth $109,202,000 after purchasing an additional 1,381,475 shares during the period. 21.85% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on VALE shares. Scotiabank cut their target price on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group reduced their price objective on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Morgan Stanley lowered shares of Vale from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, StockNews.com started coverage on shares of Vale in a research report on Tuesday, March 25th. They set a "hold" rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Vale has an average rating of "Hold" and a consensus target price of $13.26.

Vale Stock Down 1.1 %

NYSE VALE traded down $0.12 during trading on Friday, reaching $10.06. The company's stock had a trading volume of 21,440,300 shares, compared to its average volume of 29,867,813. The business has a 50-day moving average price of $9.61 and a 200-day moving average price of $9.90. Vale S.A. has a 1-year low of $8.38 and a 1-year high of $13.14. The stock has a market capitalization of $45.64 billion, a PE ratio of 6.98, a PEG ratio of 0.31 and a beta of 0.85. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a return on equity of 17.38% and a net margin of 16.15%. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. On average, research analysts forecast that Vale S.A. will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.3758 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Vale's previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale's payout ratio is presently 52.08%.

Vale Company 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.