Vale (VALE) Expected to Announce Quarterly Earnings on Thursday

Vale (NYSE:VALE) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $10.05 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Vale Price Performance

Shares of NYSE:VALE opened at $9.76 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale has a fifty-two week low of $8.38 and a fifty-two week high of $13.76. The firm has a 50-day simple moving average of $9.08 and a 200 day simple moving average of $9.99. The company has a market cap of $44.28 billion, a PE ratio of 4.52, a P/E/G ratio of 0.30 and a beta of 0.91.

Analysts Set New Price Targets

VALE has been the subject of a number of recent research reports. Scotiabank lowered their price objective on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th. StockNews.com initiated coverage on shares of Vale in a research report on Friday, December 13th. They set a “buy” rating for the company. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $11.50 in a research report on Monday, November 11th. Finally, Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Vale has a consensus rating of “Hold” and a consensus price target of $13.26.

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.