Vale SA (NYSE:VALE) was upgraded by equities research analysts at Santander from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

VALE has been the topic of a number of other research reports. Deutsche Bank AG reiterated a “buy” rating and issued a $12.00 price target (down previously from $12.50) on shares of Vale SA in a research note on Sunday, June 25th. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price target on shares of Vale SA in a research note on Friday, June 2nd. Credit Suisse Group set a $8.00 price target on shares of Vale SA and gave the stock a “hold” rating in a research note on Sunday, May 28th. HSBC Holdings plc upgraded shares of Vale SA from a “hold” rating to a “buy” rating and upped their price target for the stock from $8.67 to $8.76 in a research note on Wednesday, May 31st. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Vale SA in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $9.67.

Shares of Vale SA (NYSE VALE) opened at 11.04 on Tuesday. The stock has a 50 day moving average of $10.34 and a 200 day moving average of $9.28. The stock has a market cap of $56.89 billion, a P/E ratio of 15.86 and a beta of 1.56. Vale SA has a one year low of $4.90 and a one year high of $11.72.

Vale SA (NYSE:VALE) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $7.24 billion for the quarter. Vale SA had a net margin of 2.39% and a return on equity of 1.35%. On average, analysts forecast that Vale SA will post $1.09 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Vale SA by 17.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 878,447 shares of the basic materials company’s stock valued at $7,686,000 after purchasing an additional 127,916 shares during the last quarter. Verde Servicos Internacionais S.A. increased its position in shares of Vale SA by 158.6% during the 2nd quarter. Verde Servicos Internacionais S.A. now owns 284,500 shares of the basic materials company’s stock valued at $2,489,000 after purchasing an additional 174,500 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new stake in shares of Vale SA during the 1st quarter valued at about $107,000. State of Wisconsin Investment Board increased its position in shares of Vale SA by 108.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 845,815 shares of the basic materials company’s stock valued at $7,401,000 after purchasing an additional 441,019 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its position in shares of Vale SA by 15.4% during the 1st quarter. NINE MASTS CAPITAL Ltd now owns 801,483 shares of the basic materials company’s stock valued at $7,614,000 after purchasing an additional 107,208 shares during the last quarter. 9.58% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Vale SA (NYSE:VALE)

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