UBS Group upgraded shares of Vale (NYSE:VALE) from a neutral rating to an outperform rating in a research note issued to investors on Monday morning, The Fly reports.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research raised shares of Vale from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Wednesday, August 29th. Clarkson Capital raised shares of Vale from a neutral rating to a buy rating in a report on Tuesday, July 24th. Jefferies Financial Group set a $15.00 price target on shares of Vale and gave the stock a hold rating in a report on Friday, July 27th. Macquarie raised shares of Vale from a neutral rating to an outperform rating in a report on Tuesday, June 26th. Finally, ValuEngine lowered shares of Vale from a strong-buy rating to a buy rating in a report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $14.64.

NYSE:VALE opened at $13.36 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. The company has a market cap of $67.41 billion, a PE ratio of 9.90 and a beta of 1.75. Vale has a 1-year low of $9.53 and a 1-year high of $15.24.

The business also recently declared a special dividend, which will be paid on Thursday, September 27th. Investors of record on Monday, August 6th will be issued a $0.0462 dividend. The ex-dividend date is Friday, August 3rd. Vale’s payout ratio is presently 6.67%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. boosted its stake in Vale by 1,518.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,027 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 7,531 shares during the last quarter. Smithfield Trust Co. acquired a new stake in Vale during the 2nd quarter worth $121,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Vale during the 1st quarter worth $127,000. Moors & Cabot Inc. acquired a new stake in Vale during the 1st quarter worth $132,000. Finally, M&T Bank Corp acquired a new stake in Vale during the 1st quarter worth $138,000. 20.02% of the stock is currently owned by institutional investors.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets 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, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Analyst Recommendations for Vale (NYSE:VALE)

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