Analysts Set Vale SA (VALE) PT at $13.95

Vale SA (NYSE:VALE) has been assigned an average rating of “Hold” from the twenty ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.95.

Several analysts recently commented on the company. Barclays set a $14.00 target price on Vale and gave the stock a “buy” rating in a report on Friday, April 12th. BMO Capital Markets set a $13.00 target price on Vale and gave the stock a “hold” rating in a report on Thursday, April 4th. Royal Bank of Canada set a $10.00 target price on Vale and gave the stock a “sell” rating in a report on Tuesday, April 2nd. Jefferies Financial Group set a $14.00 price objective on Vale and gave the company a “hold” rating in a report on Tuesday, April 2nd. Finally, ValuEngine lowered Vale from a “hold” rating to a “sell” rating in a report on Monday, April 1st.

A number of institutional investors and hedge funds have recently modified their holdings of VALE. Private Advisor Group LLC grew its stake in shares of Vale by 9.4% in the fourth quarter. Private Advisor Group LLC now owns 15,726 shares of the basic materials company’s stock valued at $207,000 after buying an additional 1,346 shares in the last quarter. Advisor Group Inc. grew its stake in Vale by 6.2% during the 4th quarter. Advisor Group Inc. now owns 27,027 shares of the basic materials company’s stock worth $356,000 after purchasing an additional 1,580 shares in the last quarter. Lindbrook Capital LLC acquired a new position in Vale during the 4th quarter worth $26,000. Semmax Financial Advisors Inc. acquired a new position in Vale during the 4th quarter worth $29,000. Finally, Advisors Asset Management Inc. grew its stake in Vale by 2.7% during the 4th quarter. Advisors Asset Management Inc. now owns 87,550 shares of the basic materials company’s stock worth $1,155,000 after purchasing an additional 2,322 shares in the last quarter. 19.79% of the stock is currently owned by institutional investors.

Vale stock traded up $0.05 during midday trading on Monday, hitting $13.32. 10,311,511 shares of the company were exchanged, compared to its average volume of 32,925,262. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 7.20 and a beta of 1.13. Vale has a fifty-two week low of $10.89 and a fifty-two week high of $16.13. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.32.

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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Analyst Recommendations for Vale (NYSE:VALE)

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