Vale SA Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:VALE)
Vale SA (NASDAQ:VALE) has earned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Analyst Ratings News reports. Seven analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.96.
Shares of Vale SA (NASDAQ:VALE) traded down 1.89% during mid-day trading on Thursday, hitting $13.49. The stock had a trading volume of 6,499,297 shares. Vale SA has a 52 week low of $12.29 and a 52 week high of $17.14. The stock has a 50-day moving average of $13.99 and a 200-day moving average of $13.67. The company has a market cap of $69.520 billion and a price-to-earnings ratio of 74.32.
Vale SA (NASDAQ:VALE) last released its earnings data on Thursday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.06. On average, analysts predict that Vale SA will post $1.73 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Vale SA in a research note on Monday. They now have a $15.00 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Vale SA in a research note on Friday, August 1st. They now have a $20.00 price target on the stock, down previously from $31.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Vale SA in a research note on Thursday, July 24th. They now have a $15.50 price target on the stock, up previously from $13.00.
Vale SA (NASDAQ:VALE) is a Brazil-based metals and mining company.
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