Vale (VALE) Expected to Announce Quarterly Earnings on Wednesday

Vale (NYSE:VALE) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Vale to post earnings of $0.56 per share and revenue of $10.03 billion for the quarter.

Vale Price Performance

Vale stock opened at $9.58 on Wednesday. The firm’s fifty day moving average is $9.07 and its 200 day moving average is $10.03. Vale has a 52-week low of $8.38 and a 52-week high of $13.77. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market cap of $43.46 billion, a price-to-earnings ratio of 4.43, a PEG ratio of 0.30 and a beta of 0.91.

Wall Street Analyst Weigh In

VALE has been the topic of a number of recent analyst reports. Scotiabank reduced their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. Barclays decreased their price target on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $14.50 to $11.30 in a research note on Thursday, December 12th. Finally, StockNews.com started coverage on Vale in a research report on Friday, December 13th. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.89.

About Vale

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.