Vale SA (NYSE:VALE) has received a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.66.
A number of analysts recently commented on the stock. TheStreet cut shares of Vale from a “b-” rating to a “c” rating in a research note on Thursday, May 16th. ValuEngine upgraded shares of Vale from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. BMO Capital Markets set a $13.00 price target on shares of Vale and gave the company a “hold” rating in a research note on Thursday, April 4th. Zacks Investment Research cut shares of Vale from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Finally, Barclays set a $14.00 price target on shares of Vale and gave the company a “buy” rating in a research note on Friday, April 12th.
A number of hedge funds and other institutional investors have recently bought and sold shares of VALE. Norges Bank purchased a new stake in Vale in the 4th quarter worth approximately $172,007,000. Baillie Gifford & Co. purchased a new stake in Vale in the 1st quarter worth approximately $137,831,000. FIL Ltd lifted its stake in Vale by 145.9% in the 1st quarter. FIL Ltd now owns 17,602,739 shares of the basic materials company’s stock worth $229,892,000 after purchasing an additional 10,443,564 shares in the last quarter. Bank of America Corp DE lifted its stake in Vale by 56.9% in the 4th quarter. Bank of America Corp DE now owns 11,685,149 shares of the basic materials company’s stock worth $154,127,000 after purchasing an additional 4,238,857 shares in the last quarter. Finally, FMR LLC lifted its stake in Vale by 25.4% in the 4th quarter. FMR LLC now owns 18,419,049 shares of the basic materials company’s stock worth $242,948,000 after purchasing an additional 3,730,951 shares in the last quarter. Institutional investors and hedge funds own 19.06% of the company’s stock.
VALE traded up $0.01 during midday trading on Friday, reaching $13.44. The company had a trading volume of 13,794,175 shares, compared to its average volume of 19,289,920. The company has a current ratio of 1.21, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $70.07 billion, a PE ratio of 7.26, a PEG ratio of 1.74 and a beta of 1.07. Vale has a 12-month low of $10.89 and a 12-month high of $16.13. The business’s 50-day moving average price is $12.62.
Vale (NYSE:VALE) last announced its quarterly earnings results on Friday, May 10th. The basic materials company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.09). The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $9.61 billion. Vale had a net margin of 10.03% and a return on equity of 23.20%. Analysts anticipate that Vale will post 1.89 EPS for the current 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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.
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