Vale (VALE) Expected to Announce Earnings on Wednesday

Vale (NYSE:VALE) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $10.03 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Vale Stock Performance

Shares of VALE opened at $9.78 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $44.37 billion, a price-to-earnings ratio of 4.53, a PEG ratio of 0.30 and a beta of 0.91. The stock has a 50 day moving average of $9.08 and a 200 day moving average of $10.00. Vale has a 12 month low of $8.38 and a 12 month high of $13.77.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VALE shares. UBS Group downgraded Vale from a “buy” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $11.50 in a research report on Monday, November 11th. StockNews.com began coverage on Vale in a report on Friday, December 13th. They set a “buy” rating for the company. Jefferies Financial Group cut their price target on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, January 6th. Barclays cut their price target on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Finally, Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vale currently has a consensus rating of “Hold” and an average target price of $13.26.

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.