Vale S.A. (NYSE:VALE)‘s stock had its “weight” rating reaffirmed by research analysts at Morgan Stanley in a report released on Monday.

A number of other research firms have also recently issued reports on VALE. Sandler O’Neill raised Vale from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Santander raised Vale from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. BidaskClub cut Vale from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 15th. BMO Capital Markets set a $8.00 target price on Vale and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, TheStreet cut Vale from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Vale has a consensus rating of “Hold” and an average target price of $9.81.

Vale (VALE) traded up 1.22% on Monday, hitting $9.97. 17,426,691 shares of the stock were exchanged. Vale has a 52 week low of $5.27 and a 52 week high of $11.72. The company has a market cap of $51.38 billion, a PE ratio of 14.39 and a beta of 1.56. The company’s 50-day moving average is $10.52 and its 200-day moving average is $9.30. Vale also was the recipient of some unusual options trading on Monday. Traders purchased 23,957 put options on the company. This is an increase of 393% compared to the average daily volume of 4,863 put options.

Vale (NYSE:VALE) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Vale had a return on equity of 16.74% and a net margin of 11.01%. The firm had revenue of $7.24 billion during the quarter. On average, analysts predict that Vale will post $1.19 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baldwin Investment Management LLC raised its holdings in Vale by 0.3% during the second quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 36 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Vale by 0.7% during the second quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 84 shares in the last quarter. TD Asset Management Inc. raised its holdings in Vale by 1.1% during the second quarter. TD Asset Management Inc. now owns 34,205 shares of the basic materials company’s stock worth $299,000 after acquiring an additional 369 shares in the last quarter. Investment Centers of America Inc. raised its holdings in Vale by 1.9% during the second quarter. Investment Centers of America Inc. now owns 40,089 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 748 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in 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 worth $101,000 after acquiring an additional 893 shares in the last quarter. Institutional investors and hedge funds own 9.57% of the company’s stock.

About Vale

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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