TheStreet lowered shares of Vale S.A. (NYSE:VALE) from a b- rating to a c+ rating in a research note published on Thursday morning.

Several other analysts have also issued reports on VALE. Royal Bank Of Canada restated a hold rating and set a $11.00 price target on shares of Vale in a research report on Wednesday, April 19th. Vetr lowered shares of Vale from a strong-buy rating to a buy rating and set a $9.76 price target for the company. in a research report on Monday, April 24th. BMO Capital Markets restated a hold rating and set a $10.00 price target on shares of Vale in a research report on Monday, May 1st. HSBC Holdings plc restated a hold rating and set a $10.00 price target (down from $10.25) on shares of Vale in a research report on Wednesday, May 17th. Finally, Credit Suisse Group restated a hold rating and set a $8.00 price target on shares of Vale in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $9.16.

Shares of Vale (NYSE:VALE) opened at 10.03 on Thursday. The firm has a 50-day moving average price of $9.50 and a 200 day moving average price of $9.25. The company has a market cap of $51.69 billion, a price-to-earnings ratio of 14.35 and a beta of 1.55. Vale has a 1-year low of $4.86 and a 1-year high of $11.70.

Vale (NYSE:VALE) last released 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. The business had revenue of $7.24 billion for the quarter. Vale had a return on equity of 16.74% and a net margin of 11.01%. On average, analysts predict that Vale will post $1.04 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in VALE. Raymond James Trust N.A. bought a new position in Vale during the first quarter worth about $101,000. Nine Chapters Capital Management LLC bought a new position in Vale during the first quarter worth about $107,000. Verition Fund Management LLC bought a new position in Vale during the second quarter worth about $107,000. Cadinha & Co. LLC bought a new position in Vale during the first quarter worth about $109,000. Finally, Wedbush Securities Inc. increased its position in Vale by 0.7% in the second quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock worth $114,000 after buying an additional 84 shares during the last quarter. 8.76% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Vale (NYSE:VALE)

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