Vale SA (NYSE:VALE) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The firm presently has a $8.87 target price on the stock. Vetr‘s target price points to a potential upside of 15.34% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on VALE. 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. Citigroup Inc. raised Vale SA from a “sell” rating to a “neutral” rating in a report on Tuesday, November 1st. Barclays PLC raised Vale SA from an “underweight” rating to an “equal weight” rating in a report on Wednesday, September 21st. JPMorgan Chase & Co. raised Vale SA from a “neutral” rating to an “overweight” rating in a report on Monday, September 12th. Finally, 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. Four analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.06.

Analyst Recommendations for Vale SA (NYSE:VALE)

Shares of Vale SA (NYSE:VALE) opened at 7.69 on Monday. The company’s market capitalization is $39.63 billion. The stock’s 50 day moving average price is $6.25 and its 200 day moving average price is $5.38. Vale SA has a 1-year low of $2.13 and a 1-year high of $8.10.

A hedge fund recently raised its stake in Vale SA stock. LPL Financial LLC increased its position in Vale SA (NYSE:VALE) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,495 shares of the company’s stock after buying an additional 12,910 shares during the period. LPL Financial LLC’s holdings in Vale SA were worth $1,328,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.59% of the company’s stock.

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

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