Vale S.A. (NYSE:VALE) Receives $16.72 Average PT from Analysts

Vale S.A. (NYSE:VALE) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.17.

VALE has been the topic of several analyst reports. Morgan Stanley dropped their target price on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research report on Thursday, September 19th. JPMorgan Chase & Co. cut their target price on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group decreased their target price on Vale from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, July 5th. BNP Paribas raised Vale from an “underperform” rating to a “neutral” rating in a research report on Friday, June 21st. Finally, Wolfe Research lowered Vale from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 17th.

Institutional Investors Weigh In On Vale

Institutional investors and hedge funds have recently modified their holdings of the business. Legacy Capital Group California Inc. increased its position in Vale by 6.9% during the second quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,154 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Vale by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after acquiring an additional 1,187 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of Vale by 6.8% in the 1st quarter. Inspire Advisors LLC now owns 19,277 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 1,226 shares in the last quarter. IFG Advisory LLC lifted its holdings in Vale by 6.1% in the 2nd quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 1,296 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Vale by 3.0% during the first quarter. QRG Capital Management Inc. now owns 48,109 shares of the basic materials company’s stock valued at $586,000 after purchasing an additional 1,396 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Price Performance

NYSE VALE opened at $10.40 on Tuesday. Vale has a 1 year low of $9.66 and a 1 year high of $16.08. The business’s fifty day moving average is $10.49 and its two-hundred day moving average is $11.47. The stock has a market capitalization of $46.62 billion, a P/E ratio of 5.75, a P/E/G ratio of 3.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.97 billion. Vale had a return on equity of 22.23% and a net margin of 23.07%. On average, research analysts forecast that Vale will post 2.13 earnings per share for the current fiscal year.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 5th were paid a dividend of $0.3698 per share. This is a positive change from Vale’s previous semi-annual dividend of $0.32. The ex-dividend date of this dividend was Monday, August 5th. This represents a dividend yield of 12.1%. Vale’s dividend payout ratio is 64.09%.

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. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.