Vale S.A. (NYSE:VALE) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities analysts also recently issued reports on VALE. Credit Suisse Group set a $8.00 price objective on Vale and gave the stock a “hold” rating in a report on Sunday, May 28th. Jefferies Group LLC set a $8.00 price objective on Vale and gave the stock a “hold” rating in a report on Thursday, June 8th. TheStreet downgraded Vale from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. BMO Capital Markets set a $8.00 price objective on Vale and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Sandler O’Neill upgraded Vale from a “hold” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Vale has an average rating of “Buy” and a consensus target price of $9.67.

Vale (VALE) traded up 1.02% during mid-day trading on Friday, reaching $10.85. 25,929,896 shares of the company traded hands. Vale has a 12-month low of $5.04 and a 12-month high of $11.72. The stock has a market capitalization of $55.91 billion, a price-to-earnings ratio of 15.59 and a beta of 1.56. The company’s 50-day moving average is $10.46 and its 200-day moving average is $9.30.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $7.24 billion during the quarter. Vale had a return on equity of 16.74% and a net margin of 11.01%. Equities analysts predict that Vale will post $1.17 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in VALE. Raymond James Trust N.A. boosted its position in shares of Vale by 8.4% during the second quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock valued at $101,000 after buying an additional 893 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Vale during the second quarter valued at $107,000. Wedbush Securities Inc. boosted its position in shares of Vale by 0.7% during the second quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock valued at $114,000 after buying an additional 84 shares during the last quarter. Baldwin Investment Management LLC boosted its position in shares of Vale by 0.3% during the second quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock valued at $120,000 after buying an additional 36 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Vale during the second quarter valued at $127,000. 9.58% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Vale (NYSE:VALE)

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