Vale (VALE) Earning Somewhat Positive News Coverage, Report Shows

News headlines about Vale (NYSE:VALE) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vale earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 44.8828069829018 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern’s rankings:

VALE has been the topic of a number of research analyst reports. BMO Capital Markets set a $8.00 target price on shares of Vale and gave the company a “hold” rating in a research note on Tuesday. HSBC Holdings plc reiterated a “hold” rating and issued a $10.00 target price (down from $10.25) on shares of Vale in a research note on Wednesday, May 17th. Credit Suisse Group set a $8.00 target price on shares of Vale and gave the company a “hold” rating in a research note on Thursday, July 27th. Vetr cut shares of Vale from a “strong-buy” rating to a “buy” rating and set a $9.76 target price on the stock. in a research note on Monday, April 24th. Finally, BidaskClub upgraded shares of Vale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. Vale presently has a consensus rating of “Buy” and a consensus target price of $8.99.

Vale (NYSE VALE) traded down 1.57% during mid-day trading on Wednesday, reaching $10.04. 28,459,231 shares of the company’s stock traded hands. Vale has a 12-month low of $4.86 and a 12-month high of $11.70. The stock has a 50 day moving average of $9.00 and a 200 day moving average of $9.28. The company has a market cap of $51.74 billion, a P/E ratio of 14.24 and a beta of 1.55.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Vale had a net margin of 11.01% and a return on equity of 16.74%. The business had revenue of $7.24 billion for the quarter. On average, equities research analysts predict that Vale will post $1.01 earnings per share for the current fiscal year.

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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.

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