Vale SA Declares Annual Dividend of $0.04 (vale)
Vale SA (NYSE:vale) announced an annual dividend on Wednesday, November 30th. Shareholders of record on Tuesday, December 6th will be paid a dividend of 0.041 per share on Friday, December 23rd. The ex-dividend date is Friday, December 2nd.
Shares of Vale SA (NYSE:VALE) opened at 8.49 on Thursday. The firm has a 50-day moving average of $6.95 and a 200 day moving average of $5.59. Vale SA has a 52 week low of $2.13 and a 52 week high of $9.18. The firm’s market capitalization is $43.75 billion.
Vale SA (NYSE:VALE) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Vale SA had a negative net margin of 19.99% and a positive return on equity of 2.90%. On average, equities research analysts expect that Vale SA will post $0.76 EPS for the current fiscal year.
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A number of equities research analysts have recently issued reports on VALE shares. Vetr raised shares of Vale SA from a “buy” rating to a “strong-buy” rating and set a $8.87 price target on the stock in a research note on Monday, November 14th. Morgan Stanley raised shares of Vale SA from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $4.80 to $6.20 in a research note on Tuesday, August 9th. JPMorgan Chase & Co. raised shares of Vale SA from a “neutral” rating to an “overweight” rating and set a $7.00 target price on the stock in a research note on Monday, September 12th. Barclays PLC raised shares of Vale SA from an “underweight” rating to an “equal weight” rating and set a $5.11 target price on the stock in a research note on Wednesday, September 21st. Finally, Citigroup Inc. raised shares of Vale SA from a “sell” rating to a “neutral” rating and upped their target price for the stock from $4.40 to $7.30 in a research note on Tuesday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $5.86.
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.
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