Vale (NYSE: VALE) recently received a number of ratings updates from brokerages and research firms:

  • 11/28/2017 – Vale was upgraded by analysts at UBS AG from a “hold” rating to a “buy” rating.
  • 11/27/2017 – Vale was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $12.00 price target on the stock.
  • 11/21/2017 – Vale was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating.
  • 11/20/2017 – Vale was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating. They now have a $14.50 price target on the stock, up previously from $11.00.
  • 11/15/2017 – Vale had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $11.00 price target on the stock.
  • 11/8/2017 – Vale was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 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.”
  • 10/23/2017 – Vale had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 10/19/2017 – Vale was given a new $11.00 price target on by analysts at Cowen Inc. 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.

Vale S.A. (NYSE:VALE) opened at $10.70 on Friday. Vale S.A. has a 12-month low of $7.47 and a 12-month high of $11.72. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. The company has a market cap of $58,387.74, a P/E ratio of 7.45, a PEG ratio of 0.69 and a beta of 1.56.

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

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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