Vale (NYSE:VALE) Earns Sell (D+) Rating from Weiss Ratings

Vale (NYSE:VALE)‘s stock had its “sell (d+)” rating restated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on the company. Clarkson Capital started coverage on Vale in a research report on Wednesday, September 3rd. They set a “buy” rating and a $12.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Vale in a research report on Tuesday. They issued a “cautious” rating and a $11.00 price objective on the stock. Morgan Stanley set a $11.50 price target on shares of Vale in a research report on Wednesday. Zacks Research cut shares of Vale from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Finally, Barclays increased their price target on shares of Vale from $13.50 to $13.70 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Vale has a consensus rating of “Hold” and a consensus target price of $11.95.

Vale Trading Down 0.6%

Shares of VALE opened at $11.03 on Wednesday. The business’s 50-day moving average price is $10.44 and its 200-day moving average price is $9.87. Vale has a twelve month low of $8.06 and a twelve month high of $11.33. The stock has a market cap of $50.07 billion, a PE ratio of 8.97 and a beta of 0.80. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.48.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.16. Vale had a return on equity of 18.14% and a net margin of 14.23%.The firm had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $9.54 billion. On average, equities analysts forecast that Vale will post 1.85 EPS for the current fiscal year.

Institutional Trading of Vale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. lifted its stake in Vale by 22.9% in the third quarter. Redhawk Wealth Advisors Inc. now owns 22,223 shares of the basic materials company’s stock worth $241,000 after acquiring an additional 4,137 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Vale in the third quarter worth $20,754,000. Sonora Investment Management Group LLC purchased a new stake in Vale in the third quarter worth $140,000. Union Bancaire Privee UBP SA lifted its stake in Vale by 28.0% in the third quarter. Union Bancaire Privee UBP SA now owns 13,706 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 3,000 shares during the period. Finally, Kawa Capital Management Inc lifted its stake in Vale by 50.0% in the third quarter. Kawa Capital Management Inc now owns 1,020,000 shares of the basic materials company’s stock worth $11,077,000 after acquiring an additional 340,000 shares during the period. Hedge funds and other 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.