Vale (NYSE:VALE) PT Set at $12.00 by Barclays

Vale (NYSE:VALE) has been given a $12.00 target price by equities research analysts at Barclays in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Barclays‘s target price indicates a potential upside of 3.85% from the company’s previous close.

Several other equities analysts have also recently commented on VALE. JPMorgan Chase & Co. dropped their target price on shares of Vale from $17.50 to $17.00 and set an “overweight” rating for the company in a research report on Monday, September 9th. BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 5th. ValuEngine upgraded shares of Vale from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Exane BNP Paribas upgraded shares of Vale from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 5th. Finally, Deutsche Bank set a $15.00 target price on shares of Vale and gave the company a “hold” rating in a research report on Thursday, July 11th. Fifteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.20.

Shares of NYSE:VALE traded down $0.26 during midday trading on Friday, hitting $11.56. The stock had a trading volume of 10,438,455 shares, compared to its average volume of 18,073,718. The company’s 50-day moving average price is $11.30 and its 200-day moving average price is $12.43. The company has a market capitalization of $58.95 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. Vale has a fifty-two week low of $10.20 and a fifty-two week high of $16.02.

Vale (NYSE:VALE) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.34). The firm had revenue of $9.19 billion during the quarter, compared to analyst estimates of $9.31 billion. Vale had a net margin of 9.30% and a return on equity of 21.11%. Research analysts expect that Vale will post 1.36 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in Vale by 56.9% during the 3rd quarter. Pacer Advisors Inc. now owns 5,782 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 2,097 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Vale by 1.7% during the 2nd quarter. Macquarie Group Ltd. now owns 5,378,427 shares of the basic materials company’s stock worth $72,286,000 after acquiring an additional 91,453 shares during the last quarter. Boston Partners bought a new stake in Vale during the 2nd quarter worth approximately $877,000. Mackenzie Financial Corp bought a new stake in Vale during the 2nd quarter worth approximately $6,654,000. Finally, Newfoundland Capital Management bought a new stake in Vale during the 2nd quarter worth approximately $3,260,000. 18.44% of the stock is currently owned by hedge funds and other institutional investors.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistic services.

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