ValeVALE
About: Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in energy transition metals, its base metals business, likely the first step in separating base metals and iron ore.
Employees: 66,807
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
26% more call options, than puts
Call options by funds: $882M | Put options by funds: $700M
2% less funds holding
Funds holding: 514 [Q1] → 503 (-11) [Q2]
8.13% less ownership
Funds ownership: 21.99% [Q1] → 13.86% (-8.13%) [Q2]
14% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 80
16% less repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 195
19% less capital invested
Capital invested by funds: $8.62B [Q1] → $7.02B (-$1.6B) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 16 [Q1] → 12 (-4) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Scotiabank Alfonso Salazar 100% 1-year accuracy 2 / 2 met price target | 51%upside $16 | Sector Perform Maintained | 15 Oct 2024 |
JP Morgan Rodolfo Angele 22% 1-year accuracy 2 / 9 met price target | 41%upside $15 | Overweight Maintained | 23 Sept 2024 |
Morgan Stanley Carlos De Alba 52% 1-year accuracy 15 / 29 met price target | 46%upside $15.50 | Overweight Maintained | 19 Sept 2024 |
Financial journalist opinion
Based on 22 articles about VALE published over the past 30 days
