Vale SA Now Covered by Barclays Capital (VALE)
Stock analysts at Barclays Capital initiated coverage on shares of Vale SA (NYSE:VALE) in a report issued on Friday, ARN reports. The firm set an “underweight” rating on the stock.
Separately, analysts at Deutsche Bank cut their price target on shares of Vale SA (NYSE:VALE) from $22.00 to $20.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Vale SA (NYSE:VALE) traded up 0.71% on Friday, hitting $15.61. The stock had a trading volume of 16,941,060 shares. Vale SA has a 52 week low of $12.39 and a 52 week high of $21.88. The stock’s 50-day moving average is $15.65 and its 200-day moving average is $15.38. The company has a market cap of $80.444 billion and a price-to-earnings ratio of 34.22.
Vale SA (NYSE:VALE) is a Brazil-based metals and mining company.
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