Vale (NYSE:VALE) Reaches New 1-Year Low at $10.88

Vale SA (NYSE:VALE)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.88 and last traded at $10.99, with a volume of 262553 shares changing hands. The stock had previously closed at $11.06.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada raised shares of Vale from an “underperform” rating to a “sector perform” rating and set a $11.00 price target on the stock in a report on Friday, May 24th. BMO Capital Markets set a $13.00 price target on shares of Vale and gave the company a “hold” rating in a report on Tuesday, May 14th. ValuEngine raised shares of Vale from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. TheStreet lowered shares of Vale from a “b-” rating to a “c” rating in a report on Thursday, May 16th. Finally, Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.50 to $15.50 in a research note on Friday, May 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.22.

The company has a current ratio of 1.24, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. The company’s 50 day simple moving average is $13.07. The stock has a market cap of $57.08 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.99 and a beta of 1.09.



Vale (NYSE:VALE) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.34). Vale had a net margin of 9.30% and a return on equity of 21.11%. The firm had revenue of $9.19 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, equities analysts forecast that Vale SA will post 1.39 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Beacon Advisors Inc. acquired a new position in Vale during the 1st quarter worth about $35,000. Pacer Advisors Inc. bought a new stake in Vale during the 2nd quarter worth about $50,000. Enterprise Financial Services Corp raised its holdings in Vale by 338.7% during the 1st quarter. Enterprise Financial Services Corp now owns 4,124 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 3,184 shares during the last quarter. Investors Research Corp bought a new stake in Vale during the 1st quarter worth about $72,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Vale by 360.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,940 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 4,650 shares during the last quarter. Institutional investors and hedge funds own 19.20% of the company’s stock.

About Vale (NYSE: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.

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