Brokerages Set Vale S.A. (NYSE:VALE) Price Target at $16.91

Vale S.A. (NYSE:VALEGet Free Report) has been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.85.

Several research analysts have weighed in on VALE shares. JPMorgan Chase & Co. dropped their price target on Vale from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Barclays upped their price target on Vale from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft lowered their target price on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, April 4th. Morgan Stanley lowered their target price on Vale from $18.00 to $15.50 and set an “overweight” rating for the company in a research report on Friday, June 21st. Finally, Bank of America reiterated a “neutral” rating and set a $13.00 target price (down from $20.00) on shares of Vale in a research report on Tuesday, April 9th.

Read Our Latest Stock Report on Vale

Institutional Trading of Vale

A number of institutional investors have recently bought and sold shares of the stock. Richard P Slaughter Associates Inc increased its stake in Vale by 2.1% in the second quarter. Richard P Slaughter Associates Inc now owns 173,316 shares of the basic materials company’s stock worth $1,936,000 after purchasing an additional 3,515 shares during the period. Aprio Wealth Management LLC increased its stake in shares of Vale by 73.3% during the second quarter. Aprio Wealth Management LLC now owns 29,468 shares of the basic materials company’s stock valued at $329,000 after buying an additional 12,460 shares during the period. Cullinan Associates Inc. purchased a new position in shares of Vale during the second quarter valued at $460,000. Lowe Wealth Advisors LLC purchased a new position in shares of Vale during the second quarter valued at $45,000. Finally, Keynote Financial Services LLC purchased a new position in shares of Vale during the first quarter valued at $126,000. 21.85% of the stock is currently owned by institutional investors.

Vale Trading Down 0.9 %

Vale stock opened at $11.46 on Thursday. The firm has a 50 day moving average of $11.88 and a 200 day moving average of $12.81. The firm has a market capitalization of $51.38 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 3.83 and a beta of 0.96. Vale has a 12-month low of $10.99 and a 12-month high of $16.08. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.

Vale (NYSE:VALEGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Vale had a return on equity of 19.59% and a net margin of 18.72%. The business had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.35 billion. As a group, research analysts predict that Vale will post 2.17 earnings per share for the current year.

About Vale

(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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Analyst Recommendations for Vale (NYSE:VALE)

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