Vale SA (VALE) Given Consensus Recommendation of “Buy” by Analysts

Shares of Vale SA (NYSE:VALE) have been assigned a consensus rating of “Buy” from the twenty-one analysts that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $12.37.

A number of brokerages recently issued reports on VALE. Deutsche Bank downgraded Vale from a “buy” rating to a “hold” rating and boosted their price objective for the company from $12.00 to $12.50 in a research note on Tuesday. Barclays set a $15.00 price objective on Vale and gave the company a “buy” rating in a research note on Monday, January 8th. BMO Capital Markets set a $11.00 price target on Vale and gave the stock a “hold” rating in a report on Thursday, December 7th. Royal Bank of Canada set a $15.00 price target on Vale and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, Credit Suisse Group raised Vale from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $11.32 to $15.00 in a report on Tuesday, December 5th.

Vale (NYSE VALE) opened at $13.36 on Friday. The stock has a market capitalization of $70,310.00, a P/E ratio of 10.12, a P/E/G ratio of 0.93 and a beta of 1.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.47 and a current ratio of 1.86. Vale has a 52 week low of $7.47 and a 52 week high of $13.57.

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

The firm also recently declared a None dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, December 26th will be issued a $0.098 dividend. The ex-dividend date is Friday, December 22nd. Vale’s dividend payout ratio is presently 25.76%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its holdings in shares of Vale by 43.7% during the 4th quarter. Acadian Asset Management LLC now owns 20,382,633 shares of the basic materials company’s stock worth $249,279,000 after acquiring an additional 6,199,051 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of Vale during the 2nd quarter worth approximately $42,373,000. Key Group Holdings Cayman LTD. purchased a new stake in shares of Vale during the 2nd quarter worth approximately $15,903,000. Investec Asset Management LTD purchased a new stake in shares of Vale during the 3rd quarter worth approximately $17,457,000. Finally, 3G Capital Partners LP purchased a new stake in shares of Vale during the 3rd quarter worth approximately $15,105,000. 18.90% of the stock is currently owned by institutional investors.

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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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