Vetr lowered shares of Vale SA (NYSE:VALE) from a strong-buy rating to a buy rating in a research note published on Tuesday. Vetr currently has $8.27 price target on the stock.

VALE has been the topic of several other reports. Morgan Stanley raised Vale SA from an equal weight rating to an overweight rating and boosted their target price for the stock from $4.80 to $6.20 in a report on Tuesday, August 9th. Citigroup Inc. raised Vale SA from a sell rating to a neutral rating in a report on Tuesday, November 1st. JPMorgan Chase & Co. raised Vale SA from a neutral rating to an overweight rating in a report on Monday, September 12th. Royal Bank Of Canada boosted their target price on Vale SA from $5.50 to $6.00 and gave the stock a sector perform rating in a report on Thursday, September 8th. Finally, Barclays PLC raised Vale SA from an underweight rating to an equal weight rating in a report on Wednesday, September 21st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $5.02.

Shares of Vale SA (NYSE:VALE) opened at 8.00 on Tuesday. The stock’s market cap is $41.23 billion. Vale SA has a one year low of $2.13 and a one year high of $8.10. The company has a 50-day moving average price of $6.19 and a 200 day moving average price of $5.36.

A hedge fund recently bought a new stake in Vale SA stock. Adage Capital Partners GP L.L.C. acquired a new stake in Vale SA (NYSE:VALE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,200,000 shares of the company’s stock, valued at approximately $21,892,000. Adage Capital Partners GP L.L.C. owned approximately 0.10% of Vale SA as of its most recent filing with the SEC. 8.59% of the stock is owned by institutional investors and hedge funds.

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 NYSE:VALE

To view Vetr’s full report, visit Vetr’s official website.

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