Vale SA (VALE) Upgraded at TheStreet
VALE has been the subject of a number of other research reports. Deutsche Bank AG increased their target price on shares of Vale SA from $12.00 to $12.50 and gave the stock a buy rating in a research report on Tuesday, March 21st. Zacks Investment Research upgraded shares of Vale SA from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Tuesday, January 31st. Citigroup Inc upgraded shares of Vale SA from a neutral rating to a buy rating in a research report on Monday, January 23rd. Vetr cut shares of Vale SA from a strong-buy rating to a buy rating and set a $12.23 target price for the company. in a research report on Monday, February 20th. Finally, Macquarie reiterated a neutral rating and set a $9.00 target price on shares of Vale SA in a research report on Monday, February 27th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $9.28.
Vale SA (NYSE:VALE) opened at 8.47 on Tuesday. The company has a market cap of $43.65 billion, a PE ratio of 9.31 and a beta of 1.57. Vale SA has a 52-week low of $3.85 and a 52-week high of $11.70. The firm has a 50-day moving average of $8.60 and a 200 day moving average of $9.09.
Vale SA (NYSE:VALE) last announced its earnings results on Thursday, April 27th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $8.52 billion for the quarter. Vale SA had a positive return on equity of 2.90% and a negative net margin of 19.99%. Equities research analysts expect that Vale SA will post $1.25 earnings per share for the current fiscal year.
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The company also recently disclosed a semiannual dividend, which was paid on Friday, May 5th. Investors of record on Wednesday, April 26th were paid a dividend of $0.2881 per share. This is a positive change from Vale SA’s previous semiannual dividend of $0.19. The ex-dividend date of this dividend was Monday, April 24th. This represents a yield of 5.8%. Vale SA’s dividend payout ratio (DPR) is presently -4.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. purchased a new position in Vale SA during the first quarter valued at $101,000. Nine Chapters Capital Management LLC purchased a new position in Vale SA during the first quarter valued at $107,000. Cadinha & Co. LLC purchased a new position in Vale SA during the first quarter valued at $109,000. Wedbush Securities Inc. raised its position in Vale SA by 19.2% in the first quarter. Wedbush Securities Inc. now owns 12,907 shares of the basic materials company’s stock valued at $123,000 after buying an additional 2,075 shares during the last quarter. Finally, HRT Financial LLC purchased a new position in Vale SA during the first quarter valued at $132,000. 7.98% of the stock is currently owned by institutional investors and hedge funds.
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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