Vale S.A. (NYSE:VALE) Given Average Rating of “Hold” by Analysts

Shares of Vale S.A. (NYSE:VALE) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.26.

VALE has been the subject of several research analyst reports. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Scotiabank cut their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. Morgan Stanley cut Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $11.30 in a report on Thursday, December 12th. UBS Group lowered shares of Vale from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. Finally, Barclays lowered their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th.

Institutional Trading of Vale

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in Vale in the 2nd quarter valued at $429,000. CWM LLC boosted its stake in shares of Vale by 38.9% in the 3rd quarter. CWM LLC now owns 15,866 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 4,440 shares in the last quarter. Creative Planning grew its stake in shares of Vale by 9.4% during the third quarter. Creative Planning now owns 75,491 shares of the basic materials company’s stock valued at $882,000 after buying an additional 6,481 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in Vale by 6.2% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 34,030 shares of the basic materials company’s stock worth $397,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Naviter Wealth LLC increased its stake in shares of Vale by 3.8% in the third quarter. Naviter Wealth LLC now owns 98,416 shares of the basic materials company’s stock worth $1,149,000 after buying an additional 3,604 shares during the period. Institutional investors own 21.85% of the company’s stock.

Vale Stock Up 0.1 %

Shares of VALE opened at $9.57 on Friday. Vale has a 52 week low of $8.38 and a 52 week high of $13.77. The firm has a market capitalization of $43.42 billion, a P/E ratio of 4.43, a P/E/G ratio of 0.30 and a beta of 0.91. The company has a 50-day simple moving average of $9.07 and a 200-day simple moving average of $10.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91.

Vale Company Profile

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.