Vale SA (NASDAQ:VALE) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the firm. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.77.

VALE has been the topic of a number of research reports. JPMorgan Chase & Co. raised Vale SA from a “neutral” rating to an “overweight” rating and set a $7.00 price objective on the stock in a report on Monday, September 12th. Barclays PLC raised Vale SA from an “underweight” rating to an “equal weight” rating and set a $5.11 price objective on the stock in a report on Wednesday, September 21st. Jefferies Group set a $6.00 price objective on Vale SA and gave the company a “hold” rating in a report on Tuesday, August 23rd. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $6.00 price objective (up from $5.50) on shares of Vale SA in a report on Thursday, September 8th. Finally, HSBC reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Vale SA in a report on Thursday, September 29th.

Institutional investors have recently bought and sold shares of the company. Capital Growth Management LP boosted its position in Vale SA by 125.8% in the second quarter. Capital Growth Management LP now owns 7,000,000 shares of the company’s stock worth $35,420,000 after buying an additional 3,900,000 shares during the last quarter. Exane Derivatives purchased a new position in Vale SA during the second quarter worth about $10,106,000. American Century Companies Inc. purchased a new position in Vale SA during the second quarter worth about $9,768,000. ClariVest Asset Management LLC purchased a new position in Vale SA during the second quarter worth about $7,786,000. Finally, Societe Generale purchased a new position in Vale SA during the second quarter worth about $7,295,000.

Vale SA (NASDAQ:VALE) opened at 5.53 on Tuesday. The company’s market cap is $28.50 billion. Vale SA has a 52-week low of $2.13 and a 52-week high of $6.26. The stock has a 50 day moving average of $5.45 and a 200-day moving average of $5.09.

Vale SA Company Profile

Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.

5 Day Chart for NASDAQ:VALE

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