Vale (VALE) Given a $16.00 Price Target at Barclays

Vale (NYSE:VALE) has been given a $16.00 price objective by equities research analysts at Barclays in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. Barclays‘s target price points to a potential upside of 13.39% from the company’s current price.

Several other research analysts also recently weighed in on VALE. Royal Bank of Canada downgraded Vale from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $11.00 in a research note on Monday, September 17th. UBS Group upgraded Vale from a “neutral” rating to an “outperform” rating in a research note on Monday, September 17th. BNP Paribas upgraded Vale from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 18th. ValuEngine upgraded Vale from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. Finally, Macquarie downgraded Vale from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Vale has an average rating of “Hold” and an average price target of $15.50.

VALE stock traded down $0.29 during midday trading on Thursday, hitting $14.11. The company’s stock had a trading volume of 17,441,254 shares, compared to its average volume of 25,761,807. Vale has a 12 month low of $11.93 and a 12 month high of $16.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.21. The company has a market capitalization of $75.71 billion, a price-to-earnings ratio of 10.45 and a beta of 1.37.



Vale (NYSE:VALE) last posted its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Vale had a return on equity of 17.87% and a net margin of 10.70%. The business had revenue of $9.54 billion during the quarter, compared to the consensus estimate of $8.97 billion. Sell-side analysts anticipate that Vale will post 1.58 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cookson Peirce & Co. Inc. boosted its position in shares of Vale by 0.9% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 1,143,370 shares of the basic materials company’s stock valued at $16,968,000 after acquiring an additional 9,900 shares during the last quarter. Hartree Partners LP bought a new stake in Vale in the third quarter worth $4,526,000. Clearbridge Investments LLC lifted its position in Vale by 10.6% in the third quarter. Clearbridge Investments LLC now owns 1,070,071 shares of the basic materials company’s stock worth $15,880,000 after buying an additional 102,964 shares during the last quarter. Fisher Asset Management LLC lifted its position in Vale by 108.7% in the third quarter. Fisher Asset Management LLC now owns 34,121,206 shares of the basic materials company’s stock worth $506,359,000 after buying an additional 17,769,298 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in Vale by 375.2% in the third quarter. Putnam Investments LLC now owns 561,250 shares of the basic materials company’s stock worth $8,328,000 after buying an additional 443,150 shares during the last quarter. Hedge funds and other institutional investors own 19.85% of the company’s stock.

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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Analyst Recommendations for Vale (NYSE:VALE)

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