Vale Rating Reiterated by RBC Capital (VALE)
Vale (NASDAQ:VALE)‘s stock had its “sector perform” rating reaffirmed by equities researchers at RBC Capital in a research report issued on Friday, Analyst Ratings Network reports. They currently have a $17.00 price objective on the stock. RBC Capital’s price target indicates a potential upside of 8.90% from the stock’s previous close.
Vale (NASDAQ:VALE) traded up 0.71% on Friday, hitting $15.61. The stock had a trading volume of 16,941,060 shares. Vale has a 52-week low of $12.39 and a 52-week high of $21.88. The stock has a 50-day moving average of $15.65 and a 200-day moving average of $15.38. The company has a market cap of $80.444 billion and a P/E ratio of 34.22. Vale also was the recipient of some unusual options trading activity on Thursday. Traders bought 11,484 put options on the company. This represents an increase of 116% compared to the typical daily volume of 5,318 put options.
VALE has been the subject of a number of other recent research reports. Analysts at Barclays Capital initiated coverage on shares of Vale (NASDAQ:VALE) in a research note to investors on Friday. They set an “underweight” rating and a $13.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Vale (NASDAQ:VALE) in a research note to investors on Wednesday. They now have a $20.00 price target on the stock, down previously from $22.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Vale (NASDAQ:VALE) in a research note to investors on Wednesday, August 14th. They now have a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.35.
Vale SA is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets.
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