Vale (NYSE:VALE) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Vale (NYSE:VALE) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the basic materials company’s stock.

VALE has been the subject of a number of other research reports. Barclays cut their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group cut their price objective on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $14.50 to $11.30 in a report on Thursday, December 12th. Finally, Scotiabank decreased their price objective on Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.26.

Vale Stock Down 1.3 %

Vale stock opened at $9.94 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm has a 50 day moving average price of $9.51 and a 200 day moving average price of $9.89. Vale has a fifty-two week low of $8.38 and a fifty-two week high of $13.14. The company has a market capitalization of $45.10 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85.

Vale (NYSE:VALE) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Research analysts expect that Vale will post 1.85 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group raised its position in Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,900 shares during the last quarter. IFP Advisors Inc increased its stake in Vale by 206.4% in the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,938 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vale in the third quarter valued at about $28,000. Cornerstone Planning Group LLC boosted its stake in shares of Vale by 3,092.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company’s stock worth $29,000 after buying an additional 3,092 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Vale during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

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.