These Gold Mining Stocks Under $10 are Poised to Explode

4. Vale SA (ADR) (NYSE:VALE)

Investors with Long Positions (as of June 30): 22

Aggregate Value of Investors’ Holdings (as of June 30): $303.46 Million

Vale SA (ADR) (NYSE:VALE) lost some of its appeal throughout the hedge fund industry, as the number of top money managers reporting stakes in the stock was down by one during the last quarter. Nevertheless, the value of their stakes climbed $60.90 million over the three-month period. Vale, a Brazilian mining company, intends to cut costs and boost its market share in order to combat the challenges associated with a low price environment in its industry. Credit Suisse Group analysts believe that the weakening Brazilian currency will make Vale one of the lowest cost iron-ore producers next year, which might trigger the company’s turnaround. Howard Marks’ Oaktree Capital Management is one of the bullish investment firms on Vale SA (ADR) (NYSE:VALE), owning 9.56 million shares as of June 30.