Barclays Reiterates “$15.00” Price Target for Vale (NYSE:VALE)

Vale (NYSE:VALE) has been assigned a $15.00 price target by analysts at Barclays in a research report issued on Monday, January 8th. The brokerage presently has a “buy” rating on the basic materials company’s stock. Barclays’ price objective suggests a potential upside of 10.86% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Vale in a research note on Tuesday, October 3rd. Morgan Stanley initiated coverage on shares of Vale in a research note on Monday, September 25th. They set a “weight” rating for the company. BidaskClub lowered shares of Vale from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Royal Bank of Canada set a $11.00 price target on shares of Vale and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Vale in a research report on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.67.

Vale (VALE) traded up $0.08 during trading on Monday, hitting $13.53. 19,012,400 shares of the stock were exchanged, compared to its average volume of 20,078,289. Vale has a fifty-two week low of $7.47 and a fifty-two week high of $13.57. The stock has a market capitalization of $71,780.00, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.86 and a quick ratio of 1.47.

Vale (NYSE:VALE) last released its earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.15. Vale had a net margin of 15.25% and a return on equity of 19.02%. The business had revenue of $9.05 billion during the quarter. equities analysts expect that Vale will post 1.24 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. KCS Wealth Advisory acquired a new position in shares of Vale during the 4th quarter worth $125,000. Raymond James Trust N.A. raised its stake in Vale by 8.4% in the 2nd quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 893 shares during the last quarter. Verition Fund Management LLC acquired a new position in Vale in the 2nd quarter valued at about $107,000. Private Advisor Group LLC acquired a new position in Vale in the 2nd quarter valued at about $127,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Vale in the 3rd quarter valued at about $151,000. 18.90% of the stock is owned by institutional investors.

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About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Analyst Recommendations for Vale (NYSE:VALE)

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