Vale S.A. (NYSE:VALE) Receives $16.85 Consensus PT from Brokerages

Shares of Vale S.A. (NYSE:VALE) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.8462.

VALE has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. Bank of America raised Vale from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $19.00 in a research note on Thursday, April 2nd. Wells Fargo & Company cut their target price on shares of Vale from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vale from $19.50 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th.

Vale Stock Performance

NYSE VALE opened at $14.97 on Monday. The company has a 50-day simple moving average of $15.98 and a two-hundred day simple moving average of $15.66. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48. Vale has a 12-month low of $9.36 and a 12-month high of $17.94. The firm has a market cap of $67.97 billion, a price-to-earnings ratio of 22.35 and a beta of 0.46.

Vale (NYSE:VALE) last released its quarterly earnings data 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). The company had revenue of $9.26 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Vale had a return on equity of 21.10% and a net margin of 7.21%. On average, equities analysts forecast that Vale will post 2.15 EPS for the current year.

Institutional Investors Weigh In On Vale

A number of large investors have recently added to or reduced their stakes in VALE. N.E.W. Advisory Services LLC bought a new position in shares of Vale during the fourth quarter valued at about $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its stake in shares of Vale by 128.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 1,155 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Vale in the fourth quarter worth about $33,000. Cornerstone Planning Group LLC grew its stake in shares of Vale by 15,360.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 3,072 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in Vale during the 3rd quarter valued at about $34,000. Institutional investors own 21.85% of the company’s stock.

Vale Company Profile

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.