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Vale SA (NASDAQ:VALE) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vale SA in a research note on Friday, May 9th. They now have a $21.00 price target on the stock, down previously from $25.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Vale SA in a research note on Friday, May 9th. They now have a $14.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Vale SA in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.06.

Vale SA (NASDAQ:VALE) traded down 0.15% on Wednesday, hitting $13.19. 14,052,638 shares of the company’s stock traded hands. Vale SA has a one year low of $12.29 and a one year high of $17.14. The stock’s 50-day moving average is $13.32 and its 200-day moving average is $13.89. The company’s market cap is $67.973 billion. Vale SA also saw unusually large options trading on Monday. Traders acquired 11,804 put options on the stock. This represents an increase of approximately 159% compared to the average volume of 4,552 put options.

Vale SA (NASDAQ:VALE) last released its earnings data on Wednesday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.14. On average, analysts predict that Vale SA will post $1.96 earnings per share for the current fiscal year.

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

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