Barclays Analysts Give Vale (VALE) a $15.00 Price Target

Vale (NYSE:VALE) has been assigned a $15.00 target price by investment analysts at Barclays in a report released on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Barclays’ price objective suggests a potential upside of 14.59% from the company’s current price.

Several other research firms have also recently commented on VALE. Santander upgraded shares of Vale from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Sandler O’Neill upgraded shares of Vale from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. BidaskClub cut shares of Vale from a “strong-buy” rating to a “buy” rating in a report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and set a $11.70 price target on shares of Vale in a report on Monday, September 25th. Finally, Jefferies Group restated a “hold” rating on shares of Vale in a report on Tuesday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Vale currently has an average rating of “Buy” and a consensus price target of $11.51.

Shares of Vale (NYSE VALE) traded up $0.26 during trading hours on Monday, reaching $13.09. 20,043,100 shares of the company’s stock traded hands, compared to its average volume of 20,428,801. 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 $13.09. The firm has a market cap of $70,040.00, a P/E ratio of 9.99, a P/E/G ratio of 0.97 and a beta of 1.59.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.15. Vale had a net margin of 15.25% and a return on equity of 19.02%. The company had revenue of $9.05 billion for the quarter. analysts expect that Vale will post 1.24 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. raised its position in Vale by 8.4% in the second 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. Verition Fund Management LLC acquired a new position in Vale in the second quarter worth about $107,000. Private Advisor Group LLC acquired a new position in Vale in the second quarter worth about $127,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Vale in the third quarter worth about $151,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Vale in the third quarter worth about $171,000. 18.89% of the stock is owned by institutional investors and hedge funds.

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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.