Vale S.A. (NYSE:VALE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities research analysts also recently issued reports on VALE. Jefferies Group LLC set a $9.00 price objective on shares of Vale and gave the stock a “hold” rating in a research note on Friday, February 17th. Zacks Investment Research downgraded shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, February 18th. Credit Suisse Group set a $7.00 price target on shares of Vale and gave the company a “hold” rating in a research note on Saturday, February 18th. Vetr downgraded shares of Vale from a “strong-buy” rating to a “buy” rating and set a $12.23 price target on the stock. in a research note on Monday, February 20th. Finally, Macquarie restated a “neutral” rating and issued a $9.00 price target on shares of Vale in a research note on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $9.37.

Analyst Recommendations for Vale (NYSE:VALE)

Vale (NYSE VALE) traded up 0.51% during trading on Friday, reaching $7.88. 24,826,166 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $8.31 and its 200 day moving average price is $9.13. Vale has a 52-week low of $4.32 and a 52-week high of $11.70. The firm has a market cap of $40.61 billion, a P/E ratio of 8.88 and a beta of 1.55. Vale also was the recipient of unusually large options trading activity on Friday. Investors purchased 19,322 put options on the company. This represents an increase of 172% compared to the typical daily volume of 7,100 put options.

Vale (NYSE:VALE) last announced its quarterly earnings data on Thursday, April 27th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $8.52 billion for the quarter. Vale had a return on equity of 16.32% and a net margin of 14.60%. Equities research analysts anticipate that Vale will post $1.25 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of VALE. Reliance Trust Co. of Delaware boosted its stake in shares of Vale by 40.6% in the first quarter. Reliance Trust Co. of Delaware now owns 66,997 shares of the basic materials company’s stock valued at $636,000 after buying an additional 19,353 shares in the last quarter. Norges Bank bought a new position in Vale during the fourth quarter valued at approximately $6,804,000. William Blair Investment Management LLC bought a new position in Vale during the fourth quarter valued at approximately $27,612,000. NINE MASTS CAPITAL Ltd raised its position in Vale by 15.4% in the first quarter. NINE MASTS CAPITAL Ltd now owns 801,483 shares of the basic materials company’s stock valued at $7,614,000 after buying an additional 107,208 shares during the last quarter. Finally, Amerigo Asset Management bought a new position in Vale during the first quarter valued at approximately $76,950,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

Vale 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.

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