ValeVALE
About: Vale SA 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. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.
Employees: 66,807
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
2% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 161
0.3% less ownership
Funds ownership: 13.74% [Q3] → 13.45% (-0.3%) [Q4]
2% less first-time investments, than exits
New positions opened: 87 | Existing positions closed: 89
3% less call options, than puts
Call options by funds: $597M | Put options by funds: $618M
3% less funds holding
Funds holding: 505 [Q3] → 491 (-14) [Q4]
6% less funds holding in top 10
Funds holding in top 10: 17 [Q3] → 16 (-1) [Q4]
25% less capital invested
Capital invested by funds: $7.24B [Q3] → $5.42B (-$1.82B) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Scotiabank Alfonso Salazar 75% 1-year accuracy 3 / 4 met price target | 33%upside $13 | Sector Perform Maintained | 6 Jan 2025 |
Jefferies Scott Valentin 50% 1-year accuracy 1 / 2 met price target | 12%upside $11 | Buy Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 15 articles about VALE published over the past 30 days
