Vale (NYSE:VALE) Coverage Initiated at StockNews.com

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

Several other equities research analysts have also recently weighed in on VALE. Scotiabank reduced their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, January 6th. Barclays decreased their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Morgan Stanley cut 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. Wolfe Research upgraded shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group lowered their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.26.

Vale Trading Up 0.5 %

NYSE:VALE opened at $10.14 on Tuesday. The company’s 50 day moving average is $9.56 and its 200-day moving average is $9.89. 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 12 month low of $8.38 and a 12 month high of $13.14. The firm has a market cap of $46.03 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.31 and a beta of 0.85.

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

Institutional Trading of Vale

A number of institutional investors have recently bought and sold shares of VALE. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Vale in the 3rd quarter worth $28,000. Brooklyn Investment Group increased its stake in Vale by 215.9% in the fourth 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 in the last quarter. IFP Advisors Inc raised its stake in Vale by 206.4% during the 4th quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after buying an additional 1,938 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Vale during the third quarter worth about $36,000. Finally, Cornerstone Planning Group LLC boosted its holdings 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 buying an additional 3,092 shares during the period. Institutional investors and hedge funds own 21.85% of the company’s stock.

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.