Vale SA (VALE) Upgraded to “Strong-Buy” by Vetr Inc.
A number of other research analysts also recently issued reports on the stock. Barclays PLC raised shares of Vale SA from an underweight rating to an equal weight rating in a research report on Wednesday, September 21st. JPMorgan Chase & Co. raised shares of Vale SA from a neutral rating to an overweight rating in a research report on Monday, September 12th. Royal Bank Of Canada boosted their price objective on shares of Vale SA from $5.50 to $6.00 and gave the company a sector perform rating in a research report on Thursday, September 8th. Finally, Morgan Stanley raised shares of Vale SA from an equal weight rating to an overweight rating and boosted their price objective for the company from $4.80 to $6.20 in a research report on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Vale SA has an average rating of Hold and an average target price of $5.14.
Shares of Vale SA (NYSE:VALE) opened at 5.84 on Tuesday. Vale SA has a 12-month low of $2.13 and a 12-month high of $6.26. The stock’s market cap is $30.10 billion. The company’s 50-day moving average is $5.46 and its 200-day moving average is $5.14.
Several large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in Vale SA by 4.2% in the first quarter. LPL Financial LLC now owns 321,495 shares of the company’s stock valued at $1,328,000 after buying an additional 12,910 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Vale SA during the first quarter valued at approximately $21,892,000. Capital Growth Management LP acquired a new stake in Vale SA during the first quarter valued at approximately $13,051,000. Finally, Scotia Capital Inc. raised its stake in Vale SA by 13.1% in the first quarter. Scotia Capital Inc. now owns 63,280 shares of the company’s stock valued at $267,000 after buying an additional 7,320 shares during the last quarter. 8.63% of the stock is owned by hedge funds and other institutional investors.
Vale SA Company Profile
Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.
To view Vetr’s full report, visit Vetr’s official website.
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