Vale S.A. (NYSE:VALE) Receives Average Recommendation of “Hold” from Analysts

Vale S.A. (NYSE:VALE) has received an average recommendation 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 given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.17.

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

Institutional Investors Weigh In On Vale

Several large investors have recently modified their holdings of the stock. Pacifica Partners Inc. acquired a new stake in shares of Vale in the second quarter valued at about $27,000. Lowe Wealth Advisors LLC purchased a new position in shares of Vale during the second quarter valued at approximately $45,000. Phillips Wealth Planners LLC acquired a new stake in shares of Vale during the third quarter worth $118,000. Deuterium Capital Management LLC acquired a new stake in Vale in the 1st quarter worth about $122,000. Finally, Vawter Financial Ltd. purchased a new stake in Vale in the second quarter valued at approximately $124,000. Hedge funds and other institutional investors own 21.85% of the company’s stock.

Vale Trading Up 0.2 %

NYSE VALE opened at $10.81 on Wednesday. Vale has a one year low of $9.66 and a one year high of $16.08. The firm has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $11.22. The firm has a market cap of $48.44 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 0.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.

Vale (NYSE:VALE) last posted its quarterly earnings data 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. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. Equities research analysts anticipate that Vale will post 2.12 EPS 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.