Sanford C. Bernstein reiterated their outperform rating on shares of Vale S.A. (NYSE:VALE) in a research report released on Thursday morning. Sanford C. Bernstein currently has a $14.20 target price on the stock.

A number of other research firms have also recently commented on VALE. Vetr raised shares of Vale from a buy rating to a strong-buy rating and set a $11.27 price objective for the company in a research report on Monday. Citigroup Inc. raised shares of Vale from a neutral rating to a buy rating in a research report on Monday, January 23rd. Barclays PLC raised shares of Vale from an equal weight rating to an overweight rating and set a $9.00 target price for the company in a research report on Monday, January 9th. Credit Suisse Group raised shares of Vale from an underperform rating to a neutral rating in a research report on Wednesday, December 7th. Finally, Renaissance Capital raised shares of Vale from an underperform rating to a market perform rating and boosted their target price for the company from $9.30 to $9.40 in a research report on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Vale presently has an average rating of Buy and an average price target of $7.40.

Analyst Recommendations for Vale (NYSE:VALE)

Shares of Vale (NYSE:VALE) opened at 10.86 on Thursday. Vale has a 52-week low of $2.70 and a 52-week high of $11.49. The firm has a 50-day moving average of $9.74 and a 200 day moving average of $7.35. The firm’s market cap is $55.97 billion.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC acquired a new position in shares of Vale during the fourth quarter valued at approximately $27,612,000. Scotia Capital Inc. increased its position in shares of Vale by 14.6% in the fourth quarter. Scotia Capital Inc. now owns 238,173 shares of the company’s stock valued at $1,819,000 after buying an additional 30,330 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Vale during the fourth quarter valued at approximately $276,000. Pacad Investment Ltd. acquired a new position in shares of Vale during the fourth quarter valued at approximately $390,000. Finally, Impala Asset Management LLC acquired a new position in shares of Vale during the fourth quarter valued at approximately $6,226,000. 7.98% of the stock is owned by hedge funds and other institutional investors.

Vale 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.

5 Day Chart for NYSE:VALE

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