Vale S.A. (NYSE:VALE) Receives $12.96 Average Target Price from Analysts

Shares of Vale S.A. (NYSE:VALE) have received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.9583.

VALE has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Vale from $13.50 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wells Fargo & Company lifted their price objective on shares of Vale from $11.00 to $12.00 and gave the company a “cautious” rating in a research note on Tuesday, November 4th. Morgan Stanley set a $11.50 price objective on Vale in a report on Wednesday, October 8th. Barclays lifted their price target on shares of Vale from $13.80 to $14.50 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Hsbc Global Res upgraded shares of Vale to a “strong-buy” rating in a research note on Friday, October 17th.

Vale Trading Down 4.4%

Vale stock opened at $12.70 on Thursday. Vale has a 12 month low of $8.06 and a 12 month high of $13.62. The company has a quick ratio of 0.82, a current ratio of 1.24 and a debt-to-equity ratio of 0.49. The stock has a market cap of $57.65 billion, a P/E ratio of 9.77 and a beta of 0.57. The company’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $10.73.

Vale (NYSE:VALE) last issued its earnings results on Thursday, October 30th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. Vale had a return on equity of 18.60% and a net margin of 14.69%.The firm had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.39 billion. As a group, sell-side analysts forecast that Vale will post 1.85 EPS for the current fiscal year.

Vale Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 12th will be issued a $0.2331 dividend. The ex-dividend date of this dividend is Friday, December 12th. Vale’s dividend payout ratio is 56.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VALE. Vontobel Holding Ltd. grew its holdings in shares of Vale by 59.5% in the 2nd quarter. Vontobel Holding Ltd. now owns 97,506 shares of the basic materials company’s stock worth $947,000 after purchasing an additional 36,372 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Vale by 11.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 529,967 shares of the basic materials company’s stock valued at $5,019,000 after purchasing an additional 55,543 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Vale by 37.8% in the first quarter. Royal Bank of Canada now owns 1,463,665 shares of the basic materials company’s stock valued at $14,608,000 after purchasing an additional 401,614 shares in the last quarter. Ascent Group LLC lifted its holdings in Vale by 197.2% during the 1st quarter. Ascent Group LLC now owns 59,968 shares of the basic materials company’s stock worth $598,000 after buying an additional 39,791 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Vale by 25.9% during the 1st quarter. Rhumbline Advisers now owns 166,125 shares of the basic materials company’s stock worth $1,658,000 after buying an additional 34,185 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

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.