Vale S.A. (NYSE:VALE) Receives $16.31 Consensus Price Target from Analysts

Shares of Vale S.A. (NYSE:VALE) have been given a consensus rating of “Hold” by the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $16.1538.

Several brokerages have recently weighed in on VALE. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vale in a report on Monday, June 15th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $19.00 in a research report on Thursday, April 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $16.50 price target (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. The Goldman Sachs Group lowered shares of Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $16.00 in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vale from $19.50 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 12th.

Institutional Trading of Vale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its position in Vale by 2,239.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock worth $541,996,000 after purchasing an additional 39,818,066 shares in the last quarter. Capital World Investors boosted its holdings in Vale by 58.2% during the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock valued at $1,163,896,000 after purchasing an additional 32,864,929 shares in the last quarter. GQG Partners LLC boosted its holdings in Vale by 42.4% during the fourth quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after purchasing an additional 19,397,396 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Vale by 15,202.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock valued at $249,209,000 after purchasing an additional 15,561,279 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Vale by 119.9% in the 1st quarter. Bank of America Corp DE now owns 21,837,416 shares of the basic materials company’s stock valued at $347,433,000 after purchasing an additional 11,905,247 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Stock Up 2.2%

VALE stock opened at $14.97 on Friday. Vale has a twelve month low of $9.36 and a twelve month high of $17.94. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. The company has a market cap of $67.97 billion, a PE ratio of 22.35 and a beta of 0.46. The business’s 50-day simple moving average is $15.21 and its 200 day simple moving average is $15.83.

Vale (NYSE:VALE) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion. On average, research analysts anticipate that Vale will post 1.92 earnings per share for the current year.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.