Vale S.A. (NYSE:VALE)‘s stock had its “hold” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They currently have a $11.00 target price on the basic materials company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 12.59% from the stock’s previous close.

A number of other equities analysts also recently commented on VALE. BidaskClub downgraded Vale from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Credit Suisse Group set a $8.00 target price on Vale and gave the company a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating on shares of Vale in a research note on Friday, July 28th. BMO Capital Markets set a $8.00 target price on Vale and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, TheStreet downgraded Vale from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.06.

Vale (NYSE VALE) opened at $9.77 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. Vale has a 52 week low of $6.85 and a 52 week high of $11.72. The company has a market capitalization of $51,670.00, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.61 and a beta of 1.56.

Vale (NYSE:VALE) last issued its earnings results 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 return on equity of 19.02% and a net margin of 15.25%. The company had revenue of $9.05 billion during the quarter. equities research analysts predict that Vale will post 1.25 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its holdings in shares of Vale by 9.4% in the first quarter. Alliancebernstein L.P. now owns 210,057 shares of the basic materials company’s stock valued at $1,996,000 after buying an additional 18,008 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Vale by 25.9% in the first quarter. AQR Capital Management LLC now owns 163,742 shares of the basic materials company’s stock valued at $1,556,000 after buying an additional 33,718 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of Vale by 64.9% in the first quarter. Paloma Partners Management Co now owns 24,654 shares of the basic materials company’s stock valued at $234,000 after buying an additional 9,703 shares in the last quarter. Creative Planning increased its holdings in shares of Vale by 134.3% in the second quarter. Creative Planning now owns 89,070 shares of the basic materials company’s stock valued at $779,000 after buying an additional 51,055 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Vale by 55.2% in the second quarter. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company’s stock valued at $95,804,000 after buying an additional 3,892,825 shares in the last quarter. 9.89% of the stock is currently owned by hedge funds and other institutional investors.

About Vale

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.

Analyst Recommendations for Vale (NYSE:VALE)

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