Vale SA (VALE) Given Consensus Rating of “Buy” by Analysts

Vale SA (NYSE:VALE) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.56.

A number of research firms recently commented on VALE. Jefferies Financial Group upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, September 7th. Macquarie downgraded shares of Vale from an “outperform” rating to a “neutral” rating in a report on Tuesday. ValuEngine downgraded shares of Vale from a “buy” rating to a “hold” rating in a report on Friday, August 17th. BMO Capital Markets set a $16.00 target price on shares of Vale and gave the stock a “buy” rating in a report on Monday, July 30th. Finally, Zacks Investment Research upgraded shares of Vale from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, August 22nd.

Shares of VALE stock traded down $0.15 during midday trading on Thursday, reaching $14.84. 16,933,700 shares of the company were exchanged, compared to its average volume of 22,074,197. Vale has a 12 month low of $9.53 and a 12 month high of $15.29. The company has a market capitalization of $79.57 billion, a price-to-earnings ratio of 10.99 and a beta of 1.75. The company has a current ratio of 1.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 26th. The basic materials company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.18. Vale had a net margin of 13.17% and a return on equity of 17.47%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.75 billion. equities research analysts predict that Vale will post 1.4 earnings per share for the current year.

The company also recently announced a special dividend, which will be paid on Thursday, September 27th. Stockholders of record on Monday, August 6th will be given a $0.0462 dividend. The ex-dividend date of this dividend is Friday, August 3rd. Vale’s dividend payout ratio (DPR) is currently 5.93%.

Several institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its position in shares of Vale by 1.0% in the first quarter. Fisher Asset Management LLC now owns 390,850 shares of the basic materials company’s stock worth $4,972,000 after acquiring an additional 3,950 shares in the last quarter. United Services Automobile Association increased its position in shares of Vale by 27.1% in the second quarter. United Services Automobile Association now owns 18,763 shares of the basic materials company’s stock worth $241,000 after acquiring an additional 3,999 shares in the last quarter. Private Asset Management Inc. increased its position in shares of Vale by 12.4% in the second quarter. Private Asset Management Inc. now owns 40,016 shares of the basic materials company’s stock worth $509,000 after acquiring an additional 4,416 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of Vale by 22.6% in the second quarter. 180 Wealth Advisors LLC now owns 25,572 shares of the basic materials company’s stock worth $328,000 after acquiring an additional 4,720 shares in the last quarter. Finally, Rational Advisors LLC increased its position in shares of Vale by 49.5% in the first quarter. Rational Advisors LLC now owns 14,951 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 4,951 shares in the last quarter. 20.01% of the stock is currently owned by institutional investors and hedge funds.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets 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, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Analyst Recommendations for Vale (NYSE:VALE)

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