Shares of Vale SA (NYSE:VALE) have received a consensus rating of “Buy” from the twenty ratings firms that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.47.
A number of equities research analysts have recently weighed in on VALE shares. Royal Bank of Canada raised Vale from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $14.50 in a research note on Monday, November 20th. Credit Suisse Group reissued a “buy” rating and issued a $16.00 target price on shares of Vale in a research note on Wednesday, January 24th. UBS Group raised Vale from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Morgan Stanley raised Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 target price for the company in a research note on Monday, November 27th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Vale in a research note on Monday, October 23rd.
Vale (VALE) opened at $13.27 on Wednesday. Vale has a fifty-two week low of $7.47 and a fifty-two week high of $13.57. 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 stock has a market capitalization of $68,410.00, a PE ratio of 10.37, a PEG ratio of 0.85 and a beta of 1.67.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rational Advisors LLC bought a new position in Vale during the 4th quarter valued at approximately $122,000. KCS Wealth Advisory bought a new position in Vale during the 4th quarter valued at approximately $125,000. GWM Advisors LLC bought a new position in Vale during the 4th quarter valued at approximately $149,000. Verition Fund Management LLC bought a new position in Vale during the 2nd quarter valued at approximately $107,000. Finally, Quadrant Private Wealth Management LLC bought a new position in Vale during the 4th quarter valued at approximately $176,000. 19.06% of the stock is owned by institutional investors and hedge funds.
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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