Analysts Set Vale SA (NYSE:VALE) Price Target at $14.13

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Vale SA (NYSE:VALE) has earned an average recommendation of “Hold” from the nineteen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.13.

VALE has been the topic of a number of research analyst reports. BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 5th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.50 to $15.50 in a research note on Friday, May 24th. JPMorgan Chase & Co. decreased their price target on Vale from $17.50 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, September 9th. Royal Bank of Canada raised Vale from an “underperform” rating to a “sector perform” rating and set a $11.00 price target on the stock in a research note on Friday, May 24th. Finally, Exane BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 5th.

Shares of VALE traded down $0.19 during trading hours on Thursday, reaching $11.58. 13,767,039 shares of the company traded hands, compared to its average volume of 25,219,988. The company has a quick ratio of 0.87, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $60.87 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. Vale has a fifty-two week low of $10.20 and a fifty-two week high of $16.13. The stock has a fifty day simple moving average of $11.41 and a 200 day simple moving average of $12.60.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.34). Vale had a net margin of 9.30% and a return on equity of 21.11%. The company had revenue of $9.19 billion for the quarter, compared to analyst estimates of $9.31 billion. Research analysts predict that Vale will post 1.42 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Vale by 45.9% in the 2nd quarter. Renaissance Technologies LLC now owns 39,881,949 shares of the basic materials company’s stock worth $536,013,000 after purchasing an additional 12,549,400 shares during the period. Invesco Ltd. raised its holdings in shares of Vale by 1,751.5% during the 2nd quarter. Invesco Ltd. now owns 36,322,803 shares of the basic materials company’s stock valued at $488,178,000 after buying an additional 34,361,002 shares during the period. FMR LLC raised its holdings in shares of Vale by 4.8% during the 1st quarter. FMR LLC now owns 19,295,751 shares of the basic materials company’s stock valued at $252,003,000 after buying an additional 876,702 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Vale by 72.3% during the 2nd quarter. Baillie Gifford & Co. now owns 18,183,800 shares of the basic materials company’s stock valued at $244,390,000 after buying an additional 7,630,100 shares during the period. Finally, FIL Ltd raised its holdings in shares of Vale by 145.9% during the 1st quarter. FIL Ltd now owns 17,602,739 shares of the basic materials company’s stock valued at $229,892,000 after buying an additional 10,443,564 shares during the period. Institutional investors own 18.44% of the company’s stock.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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Analyst Recommendations for Vale (NYSE:VALE)

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