A number of firms have modified their ratings and price targets on shares of Vale (NYSE: VALE) recently:

  • 10/23/2017 – Vale had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 10/23/2017 – Vale was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last month, Vale’s shares have underperformed the industry. We believe further downside in iron-ore prices might hurt the company’s top- and bottom-line results in the quarters ahead. Moreover, headwinds such as stiff industry rivalry, sudden outbreak of any natural disaster or unfavorable government policies are expected to thwart near-term results. However, the company reported strong third-quarter 2017 production results. Vale is gradually bringing down its costs, by boosting productivity. In addition, Vale is deleveraging its balance sheet with the help of the company’s ongoing liability management program. Also, over the last 60 days, the Zacks Consensus Estimate for the stock moved north for both 2017 and 2018.”
  • 10/19/2017 – Vale was given a new $11.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 10/18/2017 – Vale was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Over the last three months, Vale's shares have outperformed the industry. The company is steadily improving its operational efficacy on the back of greater cost discipline and higher mining productivity. Moreover, ongoing investment projects are also expected to underpin near-term productive capacity. Even so, Vale is deleveraging its balance sheet with the help of its ongoing liability management program. Also, over the last 60 days Zacks Consensus Estimate for the stock has moved north for both 2017 and 2018.”
  • 10/10/2017 – Vale was given a new $11.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 10/3/2017 – Vale had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 9/25/2017 – Vale had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $11.70 price target on the stock.
  • 9/25/2017 – Vale is now covered by analysts at Morgan Stanley. They set a “weight” rating on the stock.
  • 9/22/2017 – Vale was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/15/2017 – Vale was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/13/2017 – Vale was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating.
  • 9/12/2017 – Vale was upgraded by analysts at Santander from a “hold” rating to a “buy” rating.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.15. Vale had a net margin of 15.25% and a return on equity of 19.02%. The firm had revenue of $9.05 billion during the quarter.

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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