Vale SA (NASDAQ:VALE) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on VALE. Morgan Stanley raised Vale SA from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $4.80 to $6.20 in a report on Tuesday, August 9th. 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. HSBC reissued a “hold” rating and set a $6.00 price objective on shares of Vale SA in a report on Thursday, September 29th. RBC Capital Markets reissued a “sector perform” rating and set a $6.00 price objective (up from $5.50) on shares of Vale SA in a report on Thursday, September 8th. Finally, Royal Bank Of Canada lifted their price objective on Vale SA from $5.50 to $6.00 and gave the company a “sector perform” rating in a report on Thursday, September 8th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $5.77.

Analyst Recommendations for Vale SA (NASDAQ:VALE)

Shares of Vale SA (NASDAQ:VALE) opened at 5.58 on Friday. Vale SA has a 1-year low of $2.13 and a 1-year high of $6.26. The stock’s market capitalization is $28.76 billion. The firm’s 50-day moving average is $5.45 and its 200-day moving average is $5.10.

A number of hedge funds have recently made changes to their positions in VALE. Acadian Asset Management LLC purchased a new stake in shares of Vale SA during the second quarter worth approximately $4,433,000. Brandes Investment Partners LP purchased a new stake in shares of Vale SA during the second quarter worth approximately $246,000. CIBC World Markets Inc. raised its stake in shares of Vale SA by 0.3% in the second quarter. CIBC World Markets Inc. now owns 606,414 shares of the company’s stock worth $3,068,000 after buying an additional 1,923 shares during the last quarter. RNC Capital Management LLC purchased a new stake in shares of Vale SA during the second quarter worth approximately $142,000. Finally, Pacific Heights Asset Management LLC raised its stake in shares of Vale SA by 25.0% in the second quarter. Pacific Heights Asset Management LLC now owns 750,000 shares of the company’s stock worth $3,795,000 after buying an additional 150,000 shares during the last quarter.

About Vale SA

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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