Scotiabank Issues Pessimistic Forecast for Vale Earnings

Vale S.A. (NYSE:VALE - Free Report) - Equities research analysts at Scotiabank cut their FY2025 earnings estimates for Vale in a note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Salazar now anticipates that the basic materials company will post earnings of $2.36 per share for the year, down from their prior forecast of $2.55. Scotiabank has a "Sector Perform" rating and a $13.00 price target on the stock. The consensus estimate for Vale's current full-year earnings is $2.08 per share.

Other equities analysts also recently issued reports about the company. StockNews.com began coverage on Vale in a report on Friday, December 13th. They issued a "buy" rating for the company. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Jefferies Financial Group decreased their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday. UBS Group cut Vale from a "buy" rating to a "neutral" rating and cut their target price for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their target price on Vale from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.89.

Vale Stock Down 0.7 %

Shares of NYSE:VALE traded down $0.06 on Thursday, hitting $8.50. 25,881,252 shares of the company's stock were exchanged, compared to its average volume of 25,106,449. Vale has a 1-year low of $8.42 and a 1-year high of $15.06. The company has a market capitalization of $38.11 billion, a PE ratio of 3.94, a P/E/G ratio of 0.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm's 50-day moving average is $9.56 and its 200 day moving average is $10.38.

Vale (NYSE:VALE - Get Free Report) last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share.

Institutional Investors Weigh In On Vale

Several hedge funds have recently modified their holdings of VALE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vale in the 3rd quarter worth $28,000. Point72 Hong Kong Ltd purchased a new position in Vale during the third quarter worth about $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Vale in the third quarter valued at about $79,000. Vienna Asset Management LLC purchased a new stake in Vale in the 3rd quarter valued at approximately $117,000. Finally, Phillips Wealth Planners LLC acquired a new position in Vale during the 3rd quarter worth approximately $118,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Vale Company Profile

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.