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Vale SA (NASDAQ:VALE) was upgraded by Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Tuesday.

Shares of Vale SA (NASDAQ:VALE) traded down 0.54% on Tuesday, hitting $13.825. 4,531,155 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 has a 50-day moving average of $13.09 and a 200-day moving average of $13.65. The company’s market cap is $71.245 billion.

Vale SA (NASDAQ:VALE) last released its earnings data on Wednesday, April 30th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.14. On average, analysts predict that Vale SA will post $1.87 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vale SA in a research note on Monday, June 30th. They now have a $19.50 price target on the stock, down previously from $21.00. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Vale SA in a research note on Monday, June 30th. They now have a $15.20 price target on the stock. Finally, analysts at Itau BBA Securities downgraded shares of Vale SA to a “market perform” rating in a research note on Friday, June 20th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Vale SA currently has an average rating of “Hold” and a consensus price target of $17.15.

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

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