Vale S.A. (VALE) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Vale S.A. (NYSE:VALE) have been given an average recommendation of “Buy” by the twenty-two research firms that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $10.56.

Several research firms recently commented on VALE. UBS upgraded Vale from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley upgraded Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective for the company in a report on Monday. Macquarie upgraded Vale from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 21st. Royal Bank Of Canada upgraded Vale from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $11.00 to $14.50 in a report on Monday, November 20th. Finally, TheStreet upgraded Vale from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th.

Several hedge funds have recently bought and sold shares of the company. Baldwin Investment Management LLC lifted its position in shares of Vale by 0.3% during the 2nd 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 in the last quarter. Wedbush Securities Inc. lifted its holdings in Vale by 0.7% in the 2nd quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 84 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Vale by 1.1% in the 2nd quarter. TD Asset Management Inc. now owns 34,205 shares of the basic materials company’s stock worth $299,000 after purchasing an additional 369 shares in the last quarter. Investment Centers of America Inc. lifted its holdings in Vale by 1.9% in the 2nd quarter. Investment Centers of America Inc. now owns 40,089 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 748 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in Vale by 8.4% in the 2nd quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 893 shares in the last quarter. 20.37% of the stock is currently owned by hedge funds and other institutional investors.

Vale (NYSE:VALE) opened at $10.70 on Friday. Vale has a twelve month low of $7.47 and a twelve month high of $11.72. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $58,387.74, a price-to-earnings ratio of 7.45, a PEG ratio of 0.69 and a beta of 1.56.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.15. Vale had a return on equity of 19.02% and a net margin of 15.25%. The firm had revenue of $9.05 billion during the quarter. sell-side analysts anticipate that Vale will post 1.25 EPS for the current fiscal year.

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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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