Vale S.A. (NYSE:VALE) Receives $16.17 Average PT from Brokerages

Shares of Vale S.A. (NYSE:VALE - Get Free Report) have earned a consensus rating of "Hold" from the eleven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.17.

VALE has been the topic of several analyst reports. Morgan Stanley decreased their price objective on Vale from $16.00 to $15.50 and set an "overweight" rating on the stock in a report on Thursday, September 19th. JPMorgan Chase & Co. cut their target price on Vale from $16.50 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, September 23rd. StockNews.com started coverage on Vale in a research report on Friday, October 18th. They set a "buy" rating for the company. Scotiabank decreased their price objective on shares of Vale from $17.00 to $16.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 15th. Finally, Wolfe Research downgraded Vale from a "peer perform" rating to an "underperform" rating in a report on Wednesday, October 9th.

Vale Price Performance

NYSE VALE traded down $0.01 during trading hours on Wednesday, reaching $10.80. The company's stock had a trading volume of 31,995,799 shares, compared to its average volume of 27,377,207. 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 stock has a market cap of $48.42 billion, a PE ratio of 5.00, a PEG ratio of 0.29 and a beta of 0.94. The company's 50-day moving average is $10.79 and its two-hundred day moving average is $11.22. Vale has a fifty-two week low of $9.66 and a fifty-two week high of $16.08.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period in the previous year, the firm posted $0.66 EPS. Analysts forecast that Vale will post 2.12 EPS for the current year.

Hedge Funds Weigh In On Vale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacifica Partners Inc. bought a new stake in shares of Vale during the 2nd quarter worth about $27,000. Lowe Wealth Advisors LLC acquired a new position in Vale during the second quarter worth about $45,000. Deuterium Capital Management LLC acquired a new stake in Vale in the 1st quarter valued at about $122,000. Keynote Financial Services LLC acquired a new position in shares of Vale in the 1st quarter worth approximately $126,000. Finally, Phillips Wealth Planners LLC acquired a new stake in Vale during the third quarter valued at approximately $118,000. 21.85% of the stock is owned by institutional investors.

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.