Analysts Set Vale S.A. (NYSE:VALE) Target Price at $13.89

Vale S.A. (NYSE:VALE) has been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.89.

Several analysts have recently commented on the company. StockNews.com assumed coverage on Vale in a research note on Friday, December 13th. They issued a “buy” rating for the company. Barclays decreased their price target on Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Jefferies Financial Group decreased their price target on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th.

Hedge Funds Weigh In On Vale

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in Vale by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock valued at $693,000 after purchasing an additional 1,187 shares in the last quarter. Victory Capital Management Inc. raised its position in Vale by 14.1% during the second quarter. Victory Capital Management Inc. now owns 35,115 shares of the basic materials company’s stock valued at $392,000 after purchasing an additional 4,330 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Vale by 10.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,005,525 shares of the basic materials company’s stock valued at $44,741,000 after purchasing an additional 363,783 shares in the last quarter. Pacer Advisors Inc. raised its position in Vale by 59.1% during the second quarter. Pacer Advisors Inc. now owns 175,683 shares of the basic materials company’s stock valued at $1,962,000 after purchasing an additional 65,247 shares in the last quarter. Finally, Sei Investments Co. raised its position in Vale by 6.5% during the second quarter. Sei Investments Co. now owns 1,497,507 shares of the basic materials company’s stock valued at $16,727,000 after purchasing an additional 91,388 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

Vale Stock Performance

Shares of Vale stock opened at $8.99 on Monday. The company has a market cap of $39.76 billion, a PE ratio of 4.16, a price-to-earnings-growth ratio of 0.27 and a beta of 0.92. Vale has a 52 week low of $8.38 and a 52 week high of $14.27. The business has a 50 day moving average price of $9.22 and a 200-day moving average price of $10.20. 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 (NYSE:VALE) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. Vale had a return on equity of 21.07% and a net margin of 22.59%. During the same period in the prior year, the business posted $0.66 earnings per share. Equities analysts anticipate that Vale will post 1.8 earnings per share for the current fiscal year.

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.