Royal Bank Of Canada Upgrades Vale S.A. (VALE) to “Outperform”

Vale S.A. (NYSE:VALE) was upgraded by investment analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Monday. The firm presently has a $14.50 target price on the basic materials company’s stock, up from their previous target price of $11.00. Royal Bank Of Canada’s price objective suggests a potential upside of 38.62% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. TheStreet raised Vale from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. BidaskClub downgraded Vale from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Vale from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, October 18th. Sandler O’Neill upgraded Vale from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Santander upgraded Vale from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $10.31.

Shares of Vale (VALE) opened at $10.46 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.86 and a quick ratio of 1.47. The stock has a market capitalization of $53,180.00, a PE ratio of 6.65, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56. Vale has a 12-month low of $7.47 and a 12-month high of $11.72.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.15. The company had revenue of $9.05 billion for the quarter. Vale had a return on equity of 19.02% and a net margin of 15.25%. equities research analysts expect that Vale will post 1.25 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in VALE. Balyasny Asset Management LLC purchased a new position in shares of Vale in the 2nd quarter valued at approximately $42,373,000. Acadian Asset Management LLC grew its stake in shares of Vale by 55.2% in the 2nd quarter. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company’s stock valued at $95,804,000 after purchasing an additional 3,892,825 shares during the last quarter. Trilogy Global Advisors LP purchased a new position in shares of Vale in the 2nd quarter valued at approximately $30,124,000. Key Group Holdings Cayman LTD. purchased a new position in shares of Vale in the 2nd quarter valued at approximately $15,903,000. Finally, Investec Asset Management LTD purchased a new position in shares of Vale in the 3rd quarter valued at approximately $17,457,000. Institutional investors own 11.30% of the company’s stock.

About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Analyst Recommendations for Vale (NYSE:VALE)

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