Vale SA (NYSE:VALE) has been assigned a consensus rating of “Hold” from the twenty-four ratings firms that are presently covering the firm. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.14.
Several research analysts have recently commented on VALE shares. Vetr raised shares of Vale SA from a “buy” rating to a “strong-buy” rating and set a $6.13 target price on the stock in a report on Monday, August 29th. Royal Bank Of Canada raised their target price on shares of Vale SA from $5.50 to $6.00 and gave the stock a “sector perform” rating in a report on Thursday, September 8th. Barclays PLC raised shares of Vale SA from an “underweight” rating to an “equal weight” rating in a report on Wednesday, September 21st. Goldman Sachs Group Inc. started coverage on shares of Vale SA in a report on Thursday, June 9th. They set a “neutral” rating and a $4.40 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Vale SA from a “neutral” rating to an “overweight” rating in a report on Monday, September 12th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its position in Vale SA by 4.2% in the first quarter. LPL Financial LLC now owns 321,495 shares of the company’s stock valued at $1,328,000 after buying an additional 12,910 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in Vale SA during the first quarter valued at $21,892,000. Capital Growth Management LP purchased a new position in Vale SA during the first quarter valued at $13,051,000. Scotia Capital Inc. boosted its position in Vale SA by 13.1% in the first quarter. Scotia Capital Inc. now owns 63,280 shares of the company’s stock valued at $267,000 after buying an additional 7,320 shares during the period. Finally, Kiltearn Partners LLP boosted its position in Vale SA by 10.1% in the first quarter. Kiltearn Partners LLP now owns 17,061,693 shares of the company’s stock valued at $71,830,000 after buying an additional 1,560,700 shares during the period.
Vale SA (NYSE:VALE) traded down 0.88% on Thursday, reaching $5.60. 11,792,075 shares of the company traded hands. The stock has a 50-day moving average of $5.52 and a 200 day moving average of $4.98. Vale SA has a 52-week low of $2.13 and a 52-week high of $6.26. The company’s market capitalization is $28.86 billion.
Vale SA Company Profile
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.
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