Vale (NYSE:VALE) Price Target Raised to $17.00

Vale (NYSE:VALE) had its price objective boosted by Barclays from $16.75 to $17.00 in a report issued on Monday,Benzinga reports. Barclays currently has an equal weight rating on the basic materials company’s stock.

A number of other research analysts have also recently commented on VALE. Wells Fargo & Company reduced their target price on Vale from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of Vale in a research report on Wednesday, July 8th. Scotiabank decreased their target price on Vale from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, July 20th. Wall Street Zen lowered shares of Vale from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price target (down from $19.50) on shares of Vale in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.96.

Vale Price Performance

Shares of NYSE VALE opened at $14.95 on Monday. The company has a market capitalization of $67.84 billion, a PE ratio of 30.50 and a beta of 0.47. The company has a quick ratio of 0.79, a current ratio of 1.19 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $15.09 and its 200-day moving average price is $15.84. Vale has a twelve month low of $9.67 and a twelve month high of $17.94.

Vale (NYSE:VALE) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a return on equity of 19.87% and a net margin of 5.11%.The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.47 billion. On average, equities analysts anticipate that Vale will post 1.9 EPS for the current year.

Vale Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.3088 per share. The ex-dividend date of this dividend is Thursday, August 13th. Vale’s payout ratio is currently 134.69%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VALE. N.E.W. Advisory Services LLC purchased a new stake in Vale during the 4th quarter worth approximately $26,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings in Vale by 128.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 2,055 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 1,155 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Vale during the 4th quarter worth approximately $33,000. Triumph Capital Management acquired a new position in Vale in the 3rd quarter valued at $34,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Vale by 15,360.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the basic materials company’s stock worth $40,000 after buying an additional 3,072 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Company Profile

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.