Share on StockTwits

Vale SA (ADR) (NASDAQ:VALE)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday, reports. They currently have a $21.00 target price on the stock, down from their previous target price of $25.00. JPMorgan Chase & Co.’s price objective indicates a potential upside of 58.73% from the company’s current price.

VALE has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Vale SA (ADR) in a research note on Friday. They now have a $14.00 price target on the stock. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Vale SA (ADR) in a research note on Tuesday, April 29th. Finally, analysts at Canaccord Genuity cut their price target on shares of Vale SA (ADR) from $19.00 to $18.50 in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Vale SA (ADR) currently has a consensus rating of “Hold” and an average target price of $17.11.

Vale SA (NASDAQ:VALE) traded down 1.05% during mid-day trading on Friday, hitting $13.23. The stock had a trading volume of 17,353,742 shares. Vale SA has a 52-week low of $12.29 and a 52-week high of $17.39. The stock has a 50-day moving average of $13.8 and a 200-day moving average of $14.38. The company’s market cap is $68.179 billion.

Vale SA (ADR) (NASDAQ:VALE) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.14. Analysts expect that Vale SA will post $1.99 EPS for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Friday, November 7th. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.408 per share. This represents a yield of 4.96%. The ex-dividend date of this dividend is Friday, October 17th.

Vale SA (NASDAQ:VALE) is a Brazil-based metals and mining company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.