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