VALE S.A. (VALE) Downgraded by Vetr Inc. to “Hold”

Vetr cut shares of VALE S.A. (NYSE:VALE) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday. They currently have $8.97 price target on the stock.

A number of other equities analysts also recently issued reports on the stock. J P Morgan Chase & Co upgraded shares of VALE from a neutral rating to an overweight rating and set a $7.00 price target for the company in a report on Monday, September 12th. Barclays PLC upgraded shares of VALE from an underweight rating to an equal weight rating and set a $5.11 price target for the company in a report on Wednesday, September 21st. Citigroup Inc. upgraded shares of VALE from a sell rating to a neutral rating and increased their price target for the company from $4.40 to $7.30 in a report on Tuesday, November 1st. BMO Capital Markets reiterated an underperform rating and issued a $5.00 price target on shares of VALE in a report on Wednesday, November 30th. Finally, Jefferies Group reiterated a hold rating and issued a $9.25 price target on shares of VALE in a report on Sunday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $6.52.

Analyst Recommendations for VALE (NYSE:VALE)

Shares of VALE (NYSE:VALE) traded up 2.511% during trading on Tuesday, reaching $9.185. 31,405,164 shares of the company’s stock were exchanged. The stock’s market capitalization is $47.33 billion. VALE has a 52 week low of $2.13 and a 52 week high of $9.34. The stock has a 50 day moving average price of $8.32 and a 200-day moving average price of $6.43.

VALE (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. VALE had a negative net margin of 19.99% and a positive return on equity of 2.90%. Analysts predict that VALE will post $0.87 earnings per share for the current year.

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The firm also recently disclosed an annual dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 6th were issued a $0.041 dividend. The ex-dividend date was Friday, December 2nd. VALE’s dividend payout ratio is presently -4.00%.

About VALE

Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.

5 Day Chart for NYSE:VALE

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