Vale S.A. (VALE) Given Average Rating of “Buy” by Analysts
Shares of Vale S.A. (NYSE:VALE) have been assigned an average rating of “Buy” from the twenty-two research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.52.
A number of research analysts have issued reports on the stock. Credit Suisse Group set a $8.00 price target on shares of Vale and gave the company a “hold” rating in a research note on Sunday, May 28th. Jefferies Group LLC restated a “hold” rating on shares of Vale in a research note on Friday, July 28th. Royal Bank Of Canada set a $11.00 price target on shares of Vale and gave the company a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Vale from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Cowen and Company restated a “hold” rating and set a $10.00 price target on shares of Vale in a research note on Friday, July 14th.
Shares of Vale (NYSE:VALE) traded down 0.81% during midday trading on Friday, hitting $9.82. 13,061,744 shares of the company traded hands. The stock has a market capitalization of $31.59 billion, a P/E ratio of 9.72 and a beta of 1.55. The company has a 50-day moving average price of $8.83 and a 200-day moving average price of $9.26. Vale has a 52 week low of $4.86 and a 52 week high of $11.70.
Vale (NYSE:VALE) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Vale had a net margin of 11.01% and a return on equity of 16.74%. The company had revenue of $7.24 billion during the quarter. Analysts anticipate that Vale will post $0.99 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in VALE. Raymond James Trust N.A. purchased a new position in Vale during the first quarter worth approximately $101,000. Nine Chapters Capital Management LLC bought a new position in shares of Vale during the first quarter worth about $107,000. Cadinha & Co. LLC bought a new position in shares of Vale during the first quarter worth about $109,000. Wedbush Securities Inc. boosted its position in shares of Vale by 19.2% in the first quarter. Wedbush Securities Inc. now owns 12,907 shares of the basic materials company’s stock worth $123,000 after buying an additional 2,075 shares during the period. Finally, HRT Financial LLC bought a new position in shares of Vale during the first quarter worth about $132,000. Hedge funds and other institutional investors own 9.04% of the company’s stock.
Vale 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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