Vale SA (NYSE:VALE) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. They presently have a $5.84 price target on the stock. Vetr‘s price objective points to a potential upside of 6.76% from the stock’s current price.

Several other equities analysts have also issued reports on VALE. Barclays PLC upgraded Vale SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Goldman Sachs Group Inc. started coverage on Vale SA in a research note on Thursday, June 9th. They issued a “neutral” rating and a $4.40 price objective on the stock. Morgan Stanley upgraded Vale SA from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $4.80 to $6.20 in a research note on Tuesday, August 9th. JPMorgan Chase & Co. upgraded Vale SA from a “neutral” rating to an “overweight” rating in a research note on Monday, September 12th. Finally, Royal Bank Of Canada upped their price objective on Vale SA from $5.50 to $6.00 and gave the company a “sector perform” rating in a research note on Thursday, September 8th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.22.

Shares of Vale SA (NYSE:VALE) traded up 7.05% during mid-day trading on Wednesday, reaching $5.47. The company’s stock had a trading volume of 31,832,610 shares. The firm’s market capitalization is $28.19 billion. Vale SA has a 12 month low of $2.13 and a 12 month high of $6.26. The company has a 50 day moving average of $5.59 and a 200-day moving average of $4.93.

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A number of hedge funds have recently modified their holdings of VALE. Scotia Capital Inc. increased its stake in shares of Vale SA by 13.1% in the first quarter. Scotia Capital Inc. now owns 63,280 shares of the company’s stock valued at $267,000 after buying an additional 7,320 shares during the last quarter. LPL Financial LLC increased its stake in shares of Vale SA by 4.2% in the first quarter. LPL Financial LLC now owns 321,495 shares of the company’s stock valued at $1,328,000 after buying an additional 12,910 shares during the last quarter. Pacad Investment Ltd. increased its stake in shares of Vale SA by 360.5% in the first quarter. Pacad Investment Ltd. now owns 400,228 shares of the company’s stock valued at $1,685,000 after buying an additional 313,308 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of Vale SA by 1.5% in the first quarter. CIBC World Markets Inc. now owns 604,491 shares of the company’s stock valued at $2,545,000 after buying an additional 8,723 shares during the last quarter. Finally, RMB Capital Management LLC increased its stake in shares of Vale SA by 1,014.3% in the first quarter. RMB Capital Management LLC now owns 1,474,121 shares of the company’s stock valued at $4,599,000 after buying an additional 1,341,831 shares during the last quarter.

Vale SA Company Profile

Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.

5 Day Chart for NYSE:VALE

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