Vale SA (VALE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Vale SA (NYSE:VALE) have been assigned an average rating of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $13.27.

VALE has been the topic of a number of recent analyst reports. BMO Capital Markets set a $13.00 price objective on shares of Vale and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research lowered shares of Vale from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Barclays set a $14.00 price objective on shares of Vale and gave the stock a “buy” rating in a report on Friday, April 12th. Royal Bank of Canada set a $10.00 price objective on shares of Vale and gave the stock a “sell” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group set a $14.00 price objective on shares of Vale and gave the stock a “hold” rating in a report on Tuesday, April 2nd.

Shares of NYSE:VALE traded up $0.08 during midday trading on Friday, hitting $11.59. 31,539,744 shares of the company’s stock traded hands, compared to its average volume of 30,275,148. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $62.61 billion, a price-to-earnings ratio of 6.26 and a beta of 1.10. Vale has a twelve month low of $10.89 and a twelve month high of $16.13.



Vale (NYSE:VALE) last posted its earnings results on Wednesday, March 27th. The basic materials company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.11. The business had revenue of $9.81 billion for the quarter, compared to analyst estimates of $10.67 billion. Vale had a net margin of 10.03% and a return on equity of 14.51%. On average, analysts predict that Vale will post 1.85 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Redwood Investment Management LLC acquired a new stake in shares of Vale in the 1st quarter valued at about $464,000. FMR LLC raised its stake in shares of Vale by 4.8% in the 1st quarter. FMR LLC now owns 19,295,751 shares of the basic materials company’s stock valued at $252,003,000 after purchasing an additional 876,702 shares in the last quarter. Maverick Capital Ltd. raised its stake in shares of Vale by 8.4% in the 1st quarter. Maverick Capital Ltd. now owns 445,880 shares of the basic materials company’s stock valued at $5,823,000 after purchasing an additional 34,550 shares in the last quarter. Contrarian Capital Management L.L.C. raised its stake in shares of Vale by 4.3% in the 1st quarter. Contrarian Capital Management L.L.C. now owns 8,780,429 shares of the basic materials company’s stock valued at $114,672,000 after purchasing an additional 365,300 shares in the last quarter. Finally, Man Group plc raised its stake in shares of Vale by 35.4% in the 1st quarter. Man Group plc now owns 10,072,076 shares of the basic materials company’s stock valued at $131,541,000 after purchasing an additional 2,633,200 shares in the last quarter. Hedge funds and other institutional investors own 19.23% of the company’s stock.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets 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; and provides related logistic services.

Further Reading: What is the Rule of 72?

Analyst Recommendations for Vale (NYSE:VALE)

Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.com's FREE daily email newsletter.