Vale (NYSE:VALE) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Vale (NYSE:VALE – Free Report) from a hold rating to a buy rating in a report released on Saturday.

Several other equities analysts have also weighed in on the stock. Barclays boosted their target price on shares of Vale from $13.70 to $13.80 and gave the company an “overweight” rating in a report on Friday, October 10th. Scotiabank raised shares of Vale from a “sector perform” rating to a “sector outperform” rating and set a $14.00 price target on the stock in a research report on Thursday, September 18th. HSBC upped their price target on Vale from $12.25 to $13.50 and gave the company a “buy” rating in a research note on Friday, October 17th. Wells Fargo & Company raised their price objective on Vale from $11.00 to $12.00 and gave the stock a “cautious” rating in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group set a $15.00 target price on shares of Vale and gave the stock a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.61.

Check Out Our Latest Stock Report on VALE

Vale Price Performance

VALE stock opened at $12.31 on Friday. Vale has a 1 year low of $8.06 and a 1 year high of $12.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85. The firm has a market capitalization of $55.88 billion, a PE ratio of 10.01 and a beta of 0.82. The business has a 50 day simple moving average of $11.13 and a 200-day simple moving average of $10.23.

Vale (NYSE:VALE – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. Vale had a return on equity of 18.14% and a net margin of 14.23%.The company had revenue of $10.42 billion for the quarter, compared to analyst estimates of $10.39 billion. Equities research analysts anticipate that Vale will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA purchased a new stake in shares of Vale during the first quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Vale by 60.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,748 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,030 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Vale in the 2nd quarter valued at $34,000. GAMMA Investing LLC lifted its position in shares of Vale by 98.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new position in Vale in the second quarter valued at $46,000. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Company Profile

(Get Free Report)

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. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.

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