Vale SA (NYSE:VALE) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 85,382,267 shares, a growth of 9.4% from the January 12th total of 78,075,572 shares. Based on an average daily trading volume, of 28,898,603 shares, the short-interest ratio is presently 3.0 days.
Vale (NYSE:VALE) opened at $12.91 on Monday. 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 cap of $67,380.00, a price-to-earnings ratio of 10.09, a P/E/G ratio of 0.85 and a beta of 1.67. Vale has a 1-year low of $7.47 and a 1-year high of $13.57.
The firm also recently announced a None dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, December 26th will be issued a dividend of $0.098 per share. The ex-dividend date is Friday, December 22nd. Vale’s payout ratio is 26.56%.
Several analysts have recently issued reports on VALE shares. Credit Suisse Group raised shares of Vale from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $11.32 to $15.00 in a research note on Tuesday, December 5th. Morgan Stanley raised shares of Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Monday, November 27th. Royal Bank of Canada set a $15.00 price objective on shares of Vale and gave the company a “buy” rating in a research note on Tuesday, December 5th. Macquarie raised shares of Vale from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 21st. Finally, Barclays set a $15.00 price objective on shares of Vale and gave the company a “buy” rating in a research note on Monday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $11.79.
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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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