Vale S.A. (NYSE:VALE) Receives $15.13 Consensus Price Target from Analysts

Vale S.A. (NYSE:VALE) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.13.

VALE has been the topic of a number of research analyst reports. UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $11.50 in a research note on Monday, November 11th. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. Scotiabank decreased their target price on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 20th. Finally, StockNews.com started coverage on Vale in a research note on Friday, October 18th. They set a “buy” rating on the stock.

Institutional Trading of Vale

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacifica Partners Inc. acquired a new stake in Vale in the 2nd quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vale during the third quarter valued at approximately $28,000. Point72 Hong Kong Ltd bought a new stake in Vale during the third quarter worth approximately $36,000. Lowe Wealth Advisors LLC acquired a new position in Vale in the second quarter worth approximately $45,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vale in the third quarter valued at $79,000. Institutional investors own 21.85% of the company’s stock.

Vale Stock Performance

Shares of VALE stock opened at $9.67 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The company’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.88. The firm has a market capitalization of $43.35 billion, a P/E ratio of 4.48, a P/E/G ratio of 0.26 and a beta of 0.91. Vale has a 12 month low of $9.64 and a 12 month high of $16.08.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, research analysts anticipate that Vale will post 2.13 earnings per share for the current fiscal 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.