Shares of Vale S.A. (NYSE:VALE) have been given a consensus rating of “Buy” by the twenty-two research firms that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.87.

A number of equities research analysts have issued reports on the company. Jefferies Group LLC restated a “hold” rating on shares of Vale in a research report on Tuesday, October 3rd. TheStreet downgraded Vale from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Morgan Stanley assumed coverage on Vale in a research report on Monday, September 25th. They set a “weight” rating on the stock. Royal Bank Of Canada set a $11.00 price objective on Vale and gave the company a “hold” rating in a research report on Tuesday. Finally, BidaskClub cut Vale from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd.

Vale (NYSE:VALE) opened at 9.79 on Thursday. The company’s 50-day moving average price is $10.58 and its 200 day moving average price is $9.33. The company has a market capitalization of $50.45 billion, a price-to-earnings ratio of 14.13 and a beta of 1.51. Vale has a 52-week low of $5.51 and a 52-week high of $11.72.

Vale (NYSE:VALE) last issued its quarterly earnings data 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 business had revenue of $7.24 billion for the quarter. On average, equities analysts expect that Vale will post $1.20 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in VALE. Balyasny Asset Management LLC bought a new position in Vale in the second quarter worth approximately $42,373,000. Acadian Asset Management LLC grew its stake in Vale by 55.2% in the second quarter. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company’s stock worth $95,804,000 after purchasing an additional 3,892,825 shares in the last quarter. Trilogy Global Advisors LP bought a new position in Vale in the second quarter worth approximately $30,124,000. Key Group Holdings Cayman LTD. bought a new position in Vale in the second quarter worth approximately $15,903,000. Finally, NINE MASTS CAPITAL Ltd grew its stake in Vale by 201.4% in the second quarter. NINE MASTS CAPITAL Ltd now owns 2,415,425 shares of the basic materials company’s stock worth $21,135,000 after purchasing an additional 1,613,942 shares in the last quarter. 9.57% 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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