Vale SA Given Average Recommendation of “Hold” by Brokerages (NASDAQ:VALE)
Shares of Vale SA (NASDAQ:VALE) have received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, AnalystRatingsNetwork.com reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.96.
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, August 11th. 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) opened at 13.71 on Thursday. 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 $14.01 and its 200-day moving average is $13.67. The company has a market cap of $70.653 billion and a price-to-earnings ratio of 72.74.
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. Analysts expect that Vale SA will post $1.72 EPS for the current fiscal year.
Vale SA (NASDAQ:VALE) is a Brazil-based metals and mining company.
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