Vetr cut shares of Vale SA (NYSE:VALE) from a buy rating to a hold rating in a research report released on Wednesday morning. The brokerage currently has $5.84 price target on the stock.
Several other research analysts also recently weighed in on VALE. Goldman Sachs Group Inc. began coverage on shares of Vale SA in a research report on Thursday, June 9th. They issued a neutral rating and a $4.40 target price on the stock. Barclays PLC raised shares of Vale SA from an underweight rating to an equal weight rating in a research report on Wednesday, September 21st. Royal Bank Of Canada lifted their target price on shares of Vale SA from $5.50 to $6.00 and gave the stock a sector perform rating in a research report on Thursday, September 8th. JPMorgan Chase & Co. raised shares of Vale SA from a neutral rating to an overweight rating in a research report on Monday, September 12th. Finally, Morgan Stanley raised shares of Vale SA from an equal weight rating to an overweight rating and lifted their target price for the stock from $4.80 to $6.20 in a research report on Tuesday, August 9th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $5.00.
Shares of Vale SA (NYSE:VALE) opened at 5.50 on Wednesday. Vale SA has a 52-week low of $2.13 and a 52-week high of $6.26. The stock has a 50 day moving average of $5.50 and a 200 day moving average of $5.00. The firm’s market cap is $28.34 billion.
Hedge funds have recently bought and sold shares of the stock. Scotia Capital Inc. boosted its stake in Vale SA by 13.1% in the first quarter. Scotia Capital Inc. now owns 63,280 shares of the company’s stock worth $267,000 after buying an additional 7,320 shares during the period. LPL Financial LLC boosted its stake in Vale SA by 4.2% in the first quarter. LPL Financial LLC now owns 321,495 shares of the company’s stock worth $1,328,000 after buying an additional 12,910 shares during the period. Pacad Investment Ltd. boosted its stake in Vale SA by 360.5% in the first quarter. Pacad Investment Ltd. now owns 400,228 shares of the company’s stock worth $1,685,000 after buying an additional 313,308 shares during the period. CIBC World Markets Inc. boosted its stake in Vale SA by 1.5% in the first quarter. CIBC World Markets Inc. now owns 604,491 shares of the company’s stock worth $2,545,000 after buying an additional 8,723 shares during the period. Finally, RMB Capital Management LLC boosted its stake in Vale SA by 1,014.3% in the first quarter. RMB Capital Management LLC now owns 1,474,121 shares of the company’s stock worth $4,599,000 after buying an additional 1,341,831 shares during the period.
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.
To view Vetr’s full report, visit Vetr’s official website.
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