Vale S.A. (NYSE:VALE) Receives $13.26 Consensus PT from Brokerages

Vale S.A. (NYSE:VALE) has received an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.26.

VALE has been the subject of a number of research reports. Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Barclays cut their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Scotiabank cut their price objective on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. Finally, Jefferies Financial Group reduced their price objective on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th.

Vale Stock Performance

Shares of Vale stock opened at $9.42 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $42.73 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. The company has a 50 day moving average of $9.29 and a 200-day moving average of $9.92. Vale has a 1-year low of $8.38 and a 1-year high of $13.14.

Vale (NYSE:VALE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a return on equity of 17.38% and a net margin of 16.15%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. As a group, equities research analysts forecast that Vale will post 1.85 earnings per share for the current fiscal year.

Vale Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.3758 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from Vale’s previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale’s dividend payout ratio (DPR) is 52.08%.

Institutional Trading of Vale

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Vale by 6.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock worth $92,868,000 after buying an additional 468,432 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Vale during the third quarter worth about $1,126,000. Bank of Montreal Can raised its holdings in shares of Vale by 274.4% in the 3rd quarter. Bank of Montreal Can now owns 162,453 shares of the basic materials company’s stock worth $1,915,000 after acquiring an additional 119,061 shares during the last quarter. Bridgewater Associates LP lifted its position in Vale by 723.2% in the 3rd quarter. Bridgewater Associates LP now owns 2,035,477 shares of the basic materials company’s stock valued at $23,774,000 after acquiring an additional 1,788,205 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in Vale in the 3rd quarter valued at about $1,422,000. Institutional investors own 21.85% of the company’s stock.

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.