Vale (NYSE:VALE) Raised to “Peer Perform” at Wolfe Research

Vale (NYSE:VALE) was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

Other analysts have also recently issued reports about the company. Jefferies Financial Group lowered their target price on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. Barclays cut their price objective 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. UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, StockNews.com started coverage on Vale in a research note on Friday, December 13th. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.89.

Vale Trading Down 0.7 %

VALE opened at $8.56 on Wednesday. The firm’s fifty day moving average is $9.65 and its two-hundred day moving average is $10.41. The firm has a market cap of $38.38 billion, a PE ratio of 3.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.92. Vale has a twelve month low of $8.52 and a twelve month high of $15.30. 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 issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $9.61 billion. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts anticipate that Vale will post 2.08 EPS for the current year.

Institutional Trading of Vale

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Vale by 1.0% in the third quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock valued at $1,852,000 after purchasing an additional 1,494 shares in the last quarter. Syntax Research Inc. bought a new position in shares of Vale in the third quarter valued at $198,000. Franklin Resources Inc. increased its holdings in Vale by 1.2% during the third quarter. Franklin Resources Inc. now owns 701,196 shares of the basic materials company’s stock worth $7,783,000 after buying an additional 8,489 shares during the last quarter. Tidal Investments LLC raised its position in Vale by 13.2% during the third quarter. Tidal Investments LLC now owns 301,410 shares of the basic materials company’s stock worth $3,520,000 after acquiring an additional 35,183 shares in the last quarter. Finally, PVG Asset Management Corp acquired a new stake in Vale in the third quarter valued at $182,000. Institutional investors own 21.85% of the company’s stock.

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.