Vale S.A. (NYSE:VALE) Receives $16.17 Average Price Target from Analysts

Vale S.A. (NYSE:VALE) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.17.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, September 23rd. StockNews.com assumed coverage on Vale in a research report on Friday, October 18th. They set a “buy” rating for the company. Morgan Stanley decreased their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a report on Thursday, September 19th. Scotiabank cut their target price on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Finally, Wolfe Research cut shares of Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th.

Institutional Trading of Vale

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacifica Partners Inc. acquired a new position in shares of Vale during the 2nd quarter worth about $27,000. Lowe Wealth Advisors LLC acquired a new position in Vale during the second quarter worth approximately $45,000. Deuterium Capital Management LLC bought a new stake in Vale in the first quarter valued at approximately $122,000. Keynote Financial Services LLC acquired a new stake in shares of Vale in the first quarter valued at approximately $126,000. Finally, Phillips Wealth Planners LLC bought a new position in shares of Vale during the 3rd quarter worth approximately $118,000. 21.85% of the stock is owned by institutional investors.

Vale Stock Down 5.5 %

NYSE:VALE opened at $10.59 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale has a 12-month low of $9.66 and a 12-month high of $16.08. The stock’s fifty day simple moving average is $10.81 and its 200-day simple moving average is $11.21. The firm has a market capitalization of $47.48 billion, a P/E ratio of 4.90, a P/E/G ratio of 0.29 and a beta of 0.94.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $9.55 billion for the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%. During the same period last year, the firm posted $0.66 earnings per share. Equities research analysts expect that Vale will post 2.12 earnings per share for the current year.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.