StockNews.com started coverage on shares of Vale (NYSE:VALE - Free Report) in a research note issued to investors on Wednesday. The firm issued a hold rating on the basic materials company's stock.
A number of other research firms have also weighed in on VALE. Jefferies Financial Group cut their target price on shares of Vale from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Scotiabank dropped their price objective on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Monday, January 6th. Barclays decreased their price objective on shares of Vale from $16.00 to $15.25 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. Morgan Stanley downgraded shares of Vale from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, Wolfe Research upgraded Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vale has a consensus rating of "Hold" and an average target price of $12.86.
Check Out Our Latest Stock Analysis on VALE
Vale Stock Down 6.5 %
Shares of NYSE:VALE traded down $0.64 during trading on Wednesday, hitting $9.10. The company's stock had a trading volume of 73,632,595 shares, compared to its average volume of 30,051,259. Vale has a fifty-two week low of $8.38 and a fifty-two week high of $13.14. The business has a 50 day moving average price of $9.70 and a two-hundred day moving average price of $9.87. 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 company has a market capitalization of $41.28 billion, a PE ratio of 6.32, a P/E/G ratio of 0.31 and a beta of 0.72.
Vale (NYSE:VALE - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.36). The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. As a group, research analysts expect that Vale will post 1.85 EPS for the current fiscal year.
Vale Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.3758 per share. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 7.5%. This is a boost from Vale's previous semi-annual dividend of $0.30. Vale's payout ratio is 52.08%.
Institutional Trading of Vale
Large investors have recently made changes to their positions in the company. Snowden Capital Advisors LLC lifted its stake in Vale by 5.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 24,181 shares of the basic materials company's stock valued at $214,000 after buying an additional 1,349 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vale by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company's stock valued at $1,852,000 after acquiring an additional 1,494 shares during the period. Atlas Capital Advisors Inc. raised its position in Vale by 68.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,623 shares during the last quarter. Stock Yards Bank & Trust Co. raised its position in Vale by 16.8% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company's stock valued at $140,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Vale by 1.1% during the 4th quarter. Stifel Financial Corp now owns 170,951 shares of the basic materials company's stock worth $1,516,000 after purchasing an additional 1,797 shares during the period. 21.85% of the stock is owned by institutional investors and hedge funds.
About Vale
(
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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.
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