Shares of Vale S.A. (NYSE:VALE - Get Free Report) have been given a consensus rating of "Hold" by the ten brokerages that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $12.13.
A number of research firms recently weighed in on VALE. Bank of America upgraded shares of Vale from a "neutral" rating to a "buy" rating and upped their target price for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Jefferies Financial Group lowered their price objective on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. UBS Group cut their target price on Vale from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. StockNews.com began coverage on Vale in a research report on Wednesday, April 2nd. They issued a "hold" rating for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $11.00 price objective (down from $12.00) on shares of Vale in a report on Thursday, April 17th.
View Our Latest Analysis on VALE
Institutional Investors Weigh In On Vale
Large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its position in Vale by 215.9% during the fourth quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock worth $25,000 after purchasing an additional 1,900 shares during the period. IFP Advisors Inc grew its position in shares of 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 in the last quarter. Cornerstone Planning Group LLC grew its position in shares of Vale by 3,092.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,192 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 3,092 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Vale during the 4th quarter valued at $30,000. Finally, Atlas Capital Advisors Inc. lifted its holdings in Vale by 68.3% during the 4th quarter. Atlas Capital Advisors Inc. now owns 4,000 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,623 shares in the last quarter. Hedge funds and other institutional investors own 21.85% of the company's stock.
Vale Stock Down 0.6 %
VALE stock traded down $0.06 during trading on Wednesday, reaching $9.31. 16,692,286 shares of the stock were exchanged, compared to its average volume of 30,573,691. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Vale has a twelve month low of $8.06 and a twelve month high of $13.14. The firm's 50 day moving average is $9.50 and its 200 day moving average is $9.56. The firm has a market cap of $42.26 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.31 and a beta of 0.83.
Vale (NYSE:VALE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.39 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. As a group, research analysts forecast that Vale will post 1.85 EPS for the current year.
Vale Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.3758 dividend. This is an increase from Vale's previous semi-annual dividend of $0.30. The ex-dividend date of this dividend was Monday, March 10th. This represents a yield of 7.5%. Vale's dividend payout ratio is presently 54.35%.
About Vale
(
Get Free ReportVale 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.
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