Vale S.A. (NYSE:VALE) Given Average Rating of “Hold” by Brokerages

Vale S.A. (NYSE:VALE) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $13.89.

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

Vale Stock Up 1.1 %

NYSE VALE opened at $8.99 on Monday. 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 has a 52 week low of $8.38 and a 52 week high of $14.27. The stock has a market capitalization of $39.76 billion, a P/E ratio of 4.16, a price-to-earnings-growth ratio of 0.27 and a beta of 0.92. The stock has a fifty day moving average of $9.21 and a 200-day moving average of $10.18.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The business had revenue of $9.55 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts forecast that Vale will post 1.8 EPS for the current year.

Institutional Trading of Vale

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in Vale by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after purchasing an additional 1,187 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Vale by 14.1% in the 2nd quarter. Victory Capital Management Inc. now owns 35,115 shares of the basic materials company’s stock valued at $392,000 after acquiring an additional 4,330 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Vale by 10.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,005,525 shares of the basic materials company’s stock worth $44,741,000 after purchasing an additional 363,783 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Vale by 59.1% in the 2nd quarter. Pacer Advisors Inc. now owns 175,683 shares of the basic materials company’s stock valued at $1,962,000 after purchasing an additional 65,247 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Vale by 6.5% during the 2nd quarter. Sei Investments Co. now owns 1,497,507 shares of the basic materials company’s stock worth $16,727,000 after acquiring an additional 91,388 shares during the period. 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.