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As Vale Sa (VALE) Market Valuation Declined, Horseman Capital Management LTD Trimmed Its Stake; Somerset Capital Management Llp Trimmed Buenaventura (BVN) Holding by $1.01 Million

John Horseman decreased its stake in Vale Sa (VALE) by 2.55% based on its latest 2017Q3 regulatory filing with the SEC. Horseman Capital Management Ltd sold 81,700 shares as the company’s stock declined 20.71% while stock markets rallied. The hedge fund run by John Horseman held 3.12M shares of the precious metals company at the end of 2017Q3, valued at $31.40M, down from 3.20 million at the end of the previous reported quarter. Horseman Capital Management Ltd who had been investing in Vale Sa for a number of months, seems to be less bullish one the $74.32 billion market cap company. The stock increased 2.31% or $0.32 during the last trading session, reaching $13.98. About 16.72M shares traded. Vale S.A. (NYSE:VALE) has risen 111.11% since February 22, 2017 and is uptrending. It has outperformed by 94.41% the S&P500.

Somerset Capital Management Llp decreased its stake in Buenaventura (BVN) by 6.5% based on its latest 2017Q3 regulatory filing with the SEC. Somerset Capital Management Llp sold 84,515 shares as the company’s stock declined 5.94% while stock markets rallied. The institutional investor held 1.22M shares of the precious metals company at the end of 2017Q3, valued at $15.54M, down from 1.30M at the end of the previous reported quarter. Somerset Capital Management Llp who had been investing in Buenaventura for a number of months, seems to be less bullish one the $3.99B market cap company. The stock increased 1.75% or $0.27 during the last trading session, reaching $15.72. About 788,216 shares traded. Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) has risen 23.87% since February 22, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Horseman Capital Management Ltd, which manages about $449.90 million US Long portfolio, upped its stake in Potash Corp Of Saskatchewan Inc (NYSE:POT) by 146,000 shares to 1.35 million shares, valued at $26.02M in 2017Q3, according to the filing. It also increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 19,200 shares in the quarter, for a total of 118,100 shares, and has risen its stake in Posco (NYSE:PKX).

Among 27 analysts covering Vale S.A. (NYSE:VALE), 15 have Buy rating, 1 Sell and 11 Hold. Therefore 56% are positive. Vale S.A. had 75 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by HSBC given on Wednesday, May 31. The firm earned “Hold” rating on Tuesday, June 27 by Credit Suisse. The rating was maintained by BMO Capital Markets with “Hold” on Monday, September 25. The rating was downgraded by Societe Generale to “Hold” on Monday, May 9. RBC Capital Markets maintained it with “Hold” rating and $11.0 target in Tuesday, October 10 report. The rating was maintained by Jefferies on Thursday, June 8 with “Hold”. The stock of Vale S.A. (NYSE:VALE) earned “Neutral” rating by Goldman Sachs on Thursday, June 9. BMO Capital Markets upgraded Vale S.A. (NYSE:VALE) rating on Friday, March 31. BMO Capital Markets has “Market Perform” rating and $10 target. Vetr upgraded it to “Strong-Buy” rating and $5.81 target in Wednesday, September 2 report. The company was maintained on Thursday, February 15 by Jefferies.

Analysts await Vale S.A. (NYSE:VALE) to report earnings on February, 27. They expect $0.24 earnings per share, down 54.72% or $0.29 from last year’s $0.53 per share. VALE’s profit will be $1.28B for 14.56 P/E if the $0.24 EPS becomes a reality. After $0.40 actual earnings per share reported by Vale S.A. for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.

Analysts await Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) to report earnings on February, 27. They expect $0.27 EPS, up 117.42% or $1.82 from last year’s $-1.55 per share. BVN’s profit will be $68.58 million for 14.56 P/E if the $0.27 EPS becomes a reality. After $-0.04 actual EPS reported by Compañía de Minas Buenaventura S.A.A. for the previous quarter, Wall Street now forecasts -775.00% EPS growth.

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