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Vale SA (NASDAQ:VALE) was downgraded by analysts at Itau BBA Securities to a “market perform” rating in a research report issued to clients and investors on Friday.

Shares of Vale SA (NASDAQ:VALE) opened at 12.86 on Friday. Vale SA has a 52 week low of $12.29 and a 52 week high of $17.14. The stock’s 50-day moving average is $13.18 and its 200-day moving average is $13.80. The company’s market cap is $66.272 billion.

Vale SA (NASDAQ:VALE) last posted its quarterly earnings results 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. Analysts expect that Vale SA will post $1.90 EPS for the current fiscal year.

A number of other firms have also recently commented on VALE. Analysts at Morgan Stanley downgraded shares of Vale SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 11th. They now have a $15.20 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Vale SA currently has an average rating of “Hold” and an average target price of $16.86.

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

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