Vale SA (VALE) Earning Somewhat Favorable News Coverage, Study Shows

Press coverage about Vale SA (NYSE:VALE) has trended somewhat positive on Friday, AlphaOne reports. The research group, a division of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Vale SA earned a daily sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also gave media headlines about the basic materials company an impact score of 41 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted AlphaOne Sentiment’s scoring:

Several brokerages have recently issued reports on VALE. Credit Suisse Group AG set a $7.00 price objective on Vale SA and gave the stock a “hold” rating in a report on Saturday, February 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $11.00 price objective on shares of Vale SA in a report on Wednesday. BMO Capital Markets raised Vale SA from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $7.00 to $10.00 in a report on Friday, March 31st. Zacks Investment Research cut Vale SA from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price objective on shares of Vale SA in a report on Thursday, March 16th. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $9.00.

Shares of Vale SA (NYSE:VALE) traded up 0.57% during trading on Friday, reaching $8.87. The company’s stock had a trading volume of 29,323,059 shares. Vale SA has a 1-year low of $3.85 and a 1-year high of $11.70. The stock has a 50 day moving average of $9.47 and a 200-day moving average of $8.69. The company has a market capitalization of $45.71 billion, a PE ratio of 10.80 and a beta of 1.57. Vale SA also was the recipient of unusually large options trading on Wednesday. Stock traders bought 2,963 call options on the stock. This is an increase of 200% compared to the average daily volume of 988 call options.

The business also recently announced a semiannual dividend, which will be paid on Friday, May 5th. Investors of record on Wednesday, April 26th will be paid a dividend of $0.2881 per share. This represents a yield of 5.8%. This is a boost from Vale SA’s previous semiannual dividend of $0.19. The ex-dividend date is Monday, April 24th. Vale SA’s payout ratio is presently -4.00%.

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About Vale SA

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.

5 Day Chart for NYSE:VALE

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