Vale SA (NYSE:VALE) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm presently has a $9.51 price objective on the basic materials company’s stock. Vetr‘s target price points to a potential upside of 12.01% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Jefferies Group LLC set a $10.00 price target on shares of Vale SA and gave the stock a “hold” rating in a report on Friday. Credit Suisse Group AG restated a “hold” rating and issued a $8.00 target price on shares of Vale SA in a report on Wednesday, May 17th. HSBC Holdings plc restated a “hold” rating and issued a $10.00 target price (down previously from $10.25) on shares of Vale SA in a report on Wednesday, May 17th. BMO Capital Markets restated a “hold” rating and issued a $10.00 target price on shares of Vale SA in a report on Monday, May 1st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $11.00 target price on shares of Vale SA in a report on Wednesday, April 19th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.28.

Analyst Recommendations for Vale SA (NYSE:VALE)

Shares of Vale SA (NYSE:VALE) traded up 0.83% during midday trading on Monday, reaching $8.49. 28,057,017 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $8.69 and its 200 day moving average price is $9.08. The stock has a market capitalization of $43.75 billion, a P/E ratio of 9.33 and a beta of 1.57. Vale SA has a 1-year low of $3.85 and a 1-year high of $11.70.

Vale SA (NYSE:VALE) last posted its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.48 by $0.07. Vale SA had a positive return on equity of 2.90% and a negative net margin of 19.99%. The firm had revenue of $8.52 billion for the quarter. On average, equities analysts predict that Vale SA will post $1.26 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Friday, May 5th. Stockholders of record on Wednesday, April 26th were issued a $0.2881 dividend. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, April 24th. This is an increase from Vale SA’s previous semiannual dividend of $0.19. Vale SA’s dividend payout ratio (DPR) is currently -4.00%.

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Several institutional investors have recently made changes to their positions in VALE. Meridian Wealth Management LLC increased its position in shares of Vale SA by 159.1% in the first quarter. Meridian Wealth Management LLC now owns 69,290 shares of the basic materials company’s stock worth $658,000 after buying an additional 42,550 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Vale SA by 301.4% in the first quarter. Point72 Asset Management L.P. now owns 104,357 shares of the basic materials company’s stock worth $991,000 after buying an additional 78,357 shares in the last quarter. Paloma Partners Management Co increased its position in shares of Vale SA by 64.9% in the first quarter. Paloma Partners Management Co now owns 24,654 shares of the basic materials company’s stock worth $234,000 after buying an additional 9,703 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Vale SA by 25.9% in the first quarter. AQR Capital Management LLC now owns 163,742 shares of the basic materials company’s stock worth $1,556,000 after buying an additional 33,718 shares in the last quarter. Finally, Ionic Capital Management LLC increased its position in shares of Vale SA by 5.4% in the first quarter. Ionic Capital Management LLC now owns 410,995 shares of the basic materials company’s stock worth $3,904,000 after buying an additional 20,983 shares in the last quarter. Institutional investors and hedge funds own 7.98% of the company’s stock.

Vale SA Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

12 Month Chart for NYSE:VALE

To view Vetr’s full report, visit Vetr’s official website.

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