As Vale S A (VALE) Stock Declined, Shareholder Silchester International Investors Llp Trimmed Position

August 11, 2017 - By Ellis Scott

Silchester International Investors Llp decreased its stake in Vale S A (VALE) by 20.59% based on its latest 2016Q4 regulatory filing with the SEC. Silchester International Investors Llp sold 21.03M shares as the company’s stock declined 20.71% while stock markets rallied. The institutional investor held 81.11 million shares of the precious metals company at the end of 2016Q4, valued at $618.03M, down from 102.13 million at the end of the previous reported quarter. Silchester International Investors Llp who had been investing in Vale S A for a number of months, seems to be less bullish one the $50.30B market cap company. The stock declined 1.12% or $0.11 reaching $9.74 per share. About 19.48 million shares traded. Vale SA (ADR) (NYSE:VALE) has risen 111.11% since August 11, 2016 and is uptrending. It has outperformed by 94.41% the S&P500.

Vale SA (ADR) (NYSE:VALE) Ratings Coverage

Among 24 analysts covering Vale S.A. (NYSE:VALE), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. Vale S.A. had 58 analyst reports since August 3, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, June 28 report. The firm earned “Sector Perform” rating on Friday, May 6 by RBC Capital Markets. The rating was upgraded by Renaissance Capital to “Market Perform” on Thursday, January 12. On Friday, June 2 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Strong-Buy” rating by Vetr on Wednesday, September 2. The rating was maintained by Jefferies with “Hold” on Tuesday, August 23. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. The stock of Vale SA (ADR) (NYSE:VALE) has “Buy” rating given on Tuesday, October 20 by Stifel Nicolaus. Canaccord Genuity maintained the stock with “Buy” rating in Friday, September 4 report. BMO Capital Markets maintained Vale SA (ADR) (NYSE:VALE) rating on Monday, July 31. BMO Capital Markets has “Hold” rating and $800 target.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.