Vale S.A. (NYSE:VALE) Receives $16.17 Consensus PT from Analysts

Shares of Vale S.A. (NYSE:VALE) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $15.83.

Several brokerages have issued reports on VALE. Scotiabank lowered their price target on Vale from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. StockNews.com initiated coverage on Vale in a report on Friday, October 18th. They issued a “buy” rating for the company. JPMorgan Chase & Co. reduced their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 23rd. Morgan Stanley reduced their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research report on Thursday, September 19th. Finally, Wolfe Research cut Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SPX Gestao de Recursos Ltda boosted its position in Vale by 60.6% during the second quarter. SPX Gestao de Recursos Ltda now owns 21,969,937 shares of the basic materials company’s stock valued at $245,404,000 after purchasing an additional 8,288,112 shares during the last quarter. Lazard Asset Management LLC boosted its position in Vale by 4.1% during the first quarter. Lazard Asset Management LLC now owns 12,269,261 shares of the basic materials company’s stock valued at $149,561,000 after purchasing an additional 485,702 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Vale by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,906,975 shares of the basic materials company’s stock valued at $139,073,000 after buying an additional 53,061 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Vale by 20.4% in the second quarter. Mondrian Investment Partners LTD now owns 10,950,729 shares of the basic materials company’s stock valued at $118,815,000 after buying an additional 1,854,940 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Vale by 6.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,951,020 shares of the basic materials company’s stock valued at $92,868,000 after buying an additional 468,432 shares during the last quarter. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Trading Down 2.5 %

NYSE VALE opened at $9.96 on Wednesday. Vale has a 12 month low of $9.66 and a 12 month high of $16.08. The stock has a 50-day simple moving average of $10.80 and a 200 day simple moving average of $11.18. The company has a market capitalization of $44.65 billion, a PE ratio of 4.73, a P/E/G ratio of 0.29 and a beta of 0.94. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The company had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the company earned $0.66 earnings per share. Research analysts forecast that Vale will post 2.12 EPS for the current year.

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.