Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Vale SA (NYSE: VALE)
Vale is the world’s largest iron ore miner and one of the largest diversified miners, along with BHP and Rio Tinto. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets, with minor contributions from iron ore proxies, including manganese and coal. The base metals division is much smaller, primarily consisting of nickel mines and smelters with a small contribution from copper.
A quick look at the price chart below for Vale shows us that the stock is up 2.41% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 5.02, which means that it remains undervalued.
Superinvestors who currently hold positions in Vale include:
Ken Fisher – 41,487,299 shares
Ken Griffin – 9,569,665 shares
Israel Engander – 6,674,733 shares
Cliff Asness – 5,950,778 shares
Jim Simons – 4,618,390 shares
Ken Heebner – 2,200,000 shares
Steve Cohen – 2,196,313 shares
Martin Taylor – 1,436,275 shares
Louis Bacon – 776,291 shares
Ronald Hua – 328,632 shares
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