Scotiabank Forecasts Vale’s FY2027 Earnings (NYSE:VALE)

Vale S.A. (NYSE:VALE) – Equities research analysts at Scotiabank dropped their FY2027 EPS estimates for shares of Vale in a note issued to investors on Tuesday, October 13th. Scotiabank analyst A. Salazar now forecasts that the basic materials company will post earnings of $2.00 per share for the year, down from their previous estimate of $2.20. Scotiabank currently has a “Sector Perform” rating and a $16.00 target price on the stock. The consensus estimate for Vale’s current full-year earnings is $1.82 per share.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.47 billion. Vale had a return on equity of 19.87% and a net margin of 5.11%.

Several other research analysts also recently commented on the stock. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley set a $15.50 target price on Vale in a report on Wednesday, October 7th. UBS Group decreased their price target on Vale from $16.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. Bank of America reiterated a “neutral” rating and issued a $16.00 price target (down from $18.00) on shares of Vale in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Vale from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.81.

Vale Stock Performance

Shares of NYSE:VALE opened at $13.21 on Thursday. The company’s 50 day simple moving average is $14.35 and its 200 day simple moving average is $15.29. The stock has a market capitalization of $59.95 billion, a price-to-earnings ratio of 26.96 and a beta of 0.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.19 and a quick ratio of 0.77. Vale has a 1 year low of $11.00 and a 1 year high of $17.94.

Vale Dividend Announcement

The firm also recently declared a special dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th were given a $0.3088 dividend. The ex-dividend date was Thursday, August 13th. Vale’s dividend payout ratio is 89.80%.

Hedge Funds Weigh In On Vale

Several large investors have recently modified their holdings of VALE. NewEdge Wealth LLC grew its stake in shares of Vale by 2.8% in the first quarter. NewEdge Wealth LLC now owns 25,799 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 708 shares during the last quarter. Foster Group Inc. increased its holdings in Vale by 6.9% in the third quarter. Foster Group Inc. now owns 11,697 shares of the basic materials company’s stock valued at $157,000 after purchasing an additional 758 shares during the period. Intergy Private Wealth LLC increased its holdings in Vale by 6.6% in the first quarter. Intergy Private Wealth LLC now owns 14,759 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 908 shares during the period. AdvisorNet Financial Inc increased its holdings in Vale by 4.7% in the first quarter. AdvisorNet Financial Inc now owns 20,552 shares of the basic materials company’s stock valued at $327,000 after purchasing an additional 920 shares during the period. Finally, Diversified Trust Co raised its position in Vale by 2.6% during the 1st quarter. Diversified Trust Co now owns 37,093 shares of the basic materials company’s stock worth $590,000 after purchasing an additional 941 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

About Vale

Vale SA is a Brazil-based global mining company and one of the world’s major producers of iron ore and iron ore pellets, which are used primarily in steelmaking. The company also produces nickel, copper, manganese, coal and other mineral products, serving customers in the steel, energy and technology industries.

Founded in 1942 as Companhia Vale do Rio Doce, the company was privatized in 1997 and adopted the Vale name in 2007. Its operations are concentrated in Brazil, particularly in the states of Pará and Minas Gerais, while its base-metals business has mining and processing activities in countries including Canada and Indonesia.

Vale also operates an integrated logistics system that includes railways, ports and maritime transportation infrastructure used to move its products from mining regions to domestic and international markets.