Royal Bank Of Canada reiterated their hold rating on shares of Vale (NYSE:VALE) in a research note published on Wednesday, November 15th. Royal Bank Of Canada currently has a $11.00 price objective on the basic materials company’s stock.
A number of other analysts have also recently weighed in on VALE. TheStreet upgraded shares of Vale from a c+ rating to a b- rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of Vale from a buy rating to a hold rating in a report on Monday, October 23rd. Goldman Sachs Group restated a neutral rating on shares of Vale in a report on Monday, October 23rd. Cowen set a $11.00 target price on shares of Vale and gave the stock a hold rating in a report on Thursday, October 19th. Finally, Jefferies Group restated a hold rating on shares of Vale in a report on Tuesday, October 3rd. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $10.33.
Vale (NYSE VALE) traded up $0.42 during midday trading on Wednesday, hitting $11.32. 43,755,381 shares of the company were exchanged, compared to its average volume of 28,514,738. Vale has a fifty-two week low of $7.47 and a fifty-two week high of $11.72. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $59,770.00, a price-to-earnings ratio of 7.17, a PEG ratio of 0.67 and a beta of 1.58.
Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.15. Vale had a net margin of 15.25% and a return on equity of 19.02%. The business had revenue of $9.05 billion for the quarter. analysts forecast that Vale will post 1.25 EPS for the current year.
Several large investors have recently modified their holdings of VALE. Raymond James Trust N.A. raised its holdings in shares of Vale by 8.4% during the 2nd quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 893 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Vale during the 2nd quarter valued at $107,000. Wedbush Securities Inc. raised its holdings in shares of Vale by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 84 shares in the last quarter. Baldwin Investment Management LLC raised its holdings in shares of Vale by 0.3% during the 2nd quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 36 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Vale in the 2nd quarter worth $127,000. 20.37% of the stock is owned by institutional investors.
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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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