Vale SA (VALE) Upgraded at Barclays PLC
Vale SA (NYSE:VALE) was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a research report issued on Wednesday.
Several other brokerages have also weighed in on VALE. Vetr lowered Vale SA from a “buy” rating to a “hold” rating and set a $5.03 target price on the stock. in a research report on Monday, June 27th. Royal Bank Of Canada increased their target price on Vale SA from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 8th. JPMorgan Chase & Co. raised Vale SA from a “neutral” rating to an “overweight” rating in a research report on Monday, September 12th. Goldman Sachs Group Inc. assumed coverage on Vale SA in a research report on Thursday, June 9th. They issued a “neutral” rating and a $4.40 price objective on the stock. Finally, Morgan Stanley raised Vale SA from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $4.80 to $6.20 in a research report on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.24.
Vale SA (NYSE:VALE) opened at 5.11 on Wednesday. The firm’s market capitalization is $26.33 billion. Vale SA has a 52-week low of $2.13 and a 52-week high of $6.26. The stock’s 50 day moving average price is $5.59 and its 200 day moving average price is $4.93.
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Several institutional investors have recently modified their holdings of VALE. Scotia Capital Inc. increased its position 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 in the last quarter. LPL Financial LLC increased its position 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 in the last quarter. Pacad Investment Ltd. increased its position 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 in the last quarter. CIBC World Markets Inc. increased its position 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 in the last quarter. Finally, RMB Capital Management LLC increased its position 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 in 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.
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