Analysts Set Vale S.A. (NYSE:VALE) PT at $12.61

Vale S.A. (NYSE:VALE) has been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.6083.

Several research analysts have weighed in on the company. Wells Fargo & Company upped their price target on Vale from $11.00 to $12.00 and gave the stock a “cautious” rating in a research note on Tuesday, November 4th. Clarkson Capital started coverage on shares of Vale in a report on Wednesday, September 3rd. They issued a “buy” rating and a $12.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Vale in a research report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on shares of Vale from $13.50 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Scotiabank upgraded shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 price target on the stock in a research note on Thursday, September 18th.

Hedge Funds Weigh In On Vale

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VALE. Banque Transatlantique SA bought a new stake in Vale in the 1st quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Vale by 60.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares in the last quarter. CENTRAL TRUST Co bought a new stake in Vale in the second quarter worth $34,000. Triumph Capital Management purchased a new stake in Vale during the third quarter valued at $34,000. Finally, GAMMA Investing LLC raised its stake in Vale by 98.4% during the second quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 2,021 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Trading Up 0.0%

Shares of Vale stock opened at $12.18 on Friday. Vale has a fifty-two week low of $8.06 and a fifty-two week high of $12.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. The company has a market capitalization of $55.27 billion, a P/E ratio of 9.90 and a beta of 0.82. The company has a fifty day moving average of $11.37 and a 200 day moving average of $10.35.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.39 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. On average, sell-side analysts anticipate that Vale will post 1.85 earnings per share for the current fiscal year.

Vale Company Profile

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.