Vale (VALE) Shares Gap Down to $14.81

Shares of Vale (NYSE:VALE) gapped down before the market opened on Monday . The stock had previously closed at $14.91, but opened at $14.81. Vale shares last traded at $14.48, with a volume of 706655 shares.

Several research firms have recently issued reports on VALE. Jefferies Group reiterated a “hold” rating and set a $14.50 price target on shares of Vale in a research note on Thursday, March 1st. TheStreet downgraded Vale from a “b-” rating to a “c+” rating in a research note on Tuesday, March 13th. Royal Bank of Canada set a $16.00 price target on Vale and gave the stock a “buy” rating in a research note on Tuesday, April 3rd. Credit Suisse Group set a $16.00 target price on Vale and gave the company a “buy” rating in a research note on Friday, April 6th. Finally, Cowen restated a “market perform” rating and set a $15.00 target price (up previously from $11.00) on shares of Vale in a research note on Thursday, March 1st. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.63.

The company has a market cap of $76.07 billion, a price-to-earnings ratio of 10.69 and a beta of 1.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.13.



Vale (NYSE:VALE) last announced its earnings results on Wednesday, April 25th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.60 billion. Vale had a return on equity of 14.68% and a net margin of 13.53%. equities analysts forecast that Vale will post 1.38 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in Vale by 247,063.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,651,050 shares of the basic materials company’s stock valued at $20,192,000 after acquiring an additional 1,650,382 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in Vale in the 4th quarter valued at approximately $1,941,000. BT Investment Management Ltd raised its holdings in Vale by 6.6% in the 4th quarter. BT Investment Management Ltd now owns 1,694,251 shares of the basic materials company’s stock valued at $20,721,000 after acquiring an additional 105,548 shares in the last quarter. Aperio Group LLC raised its holdings in Vale by 11.3% in the 4th quarter. Aperio Group LLC now owns 323,421 shares of the basic materials company’s stock valued at $3,955,000 after acquiring an additional 32,715 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Vale by 281.9% in the 4th quarter. Advisory Services Network LLC now owns 20,781 shares of the basic materials company’s stock valued at $250,000 after acquiring an additional 15,340 shares in the last quarter. 19.68% of the stock is owned by hedge funds and other institutional investors.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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