Vale SA (VALE) Earning Somewhat Favorable News Coverage, Study Shows
Media stories about Vale SA (NYSE:VALE) have been trending somewhat positive this week, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vale SA earned a news sentiment score of 0.19 on Alpha One’s scale. Alpha One also assigned news headlines about the basic materials company an impact score of 41 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected AlphaOne Sentiment Analysis’s rankings:
- Vale’s first-quarter output falls on weather, keeps guidance – Reuters (reuters.com)
- VALE S.A. (VALE) Ex-Dividend Date Scheduled for April 24, 2017 – Nasdaq (nasdaq.com)
- Outlook for Iron Ore Shipments Is Strong in 2017 (finance.yahoo.com)
- George Soros Accused Of “Puppeteering” Government In New Lawsuit (zerohedge.com)
- Mexico peso gains on hints of more rate hikes, Brazil stocks up (timesofindia.indiatimes.com)
A number of analysts have commented on VALE shares. Zacks Investment Research lowered shares of Vale SA from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. Citigroup Inc upgraded shares of Vale SA from a “neutral” rating to a “buy” rating in a research note on Monday, January 23rd. Vetr upgraded shares of Vale SA from a “buy” rating to a “strong-buy” rating and set a $8.80 price target for the company in a research note on Monday, January 2nd. Deutsche Bank AG boosted their price target on shares of Vale SA from $12.00 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, March 21st. Finally, Barclays PLC upgraded shares of Vale SA from an “equal weight” rating to an “overweight” rating and set a $9.00 price target for the company in a research note on Monday, January 9th. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.00.
Vale SA (NYSE:VALE) traded up 0.57% during trading on Friday, reaching $8.87. 29,323,059 shares of the company traded hands. Vale SA has a 52 week low of $3.85 and a 52 week high of $11.70. The firm has a market capitalization of $45.71 billion, a price-to-earnings ratio of 10.80 and a beta of 1.57. The company’s 50-day moving average price is $9.47 and its 200 day moving average price is $8.69. Vale SA also was the recipient of some unusual options trading on Wednesday. Traders acquired 2,963 call options on the company. This is an increase of 200% compared to the typical daily volume of 988 call options.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, May 5th. Stockholders of record on Wednesday, April 26th will be given a dividend of $0.2881 per share. This is a boost from Vale SA’s previous semiannual dividend of $0.19. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, April 24th. Vale SA’s payout ratio is presently -4.00%.
Vale SA Company Profile
Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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