Vale (NYSE: VALE) saw its price target raised by investment analysts at Royal Bank of Canada from $ 25.00 to $ 29.00 in a research report released Thursday to clients and investors, Benzinga reports. The company currently has an “outperformance” rating on the stocks of the basic materials company. The Royal Bank of Canada’s target price would suggest a potential rise of 27.92% from the company’s current price.
Several other research analysts also recently commented on VALE. BNP Paribas reissued an “underperformance” rating and set a price target of $ 18.30 on Vale shares in a research note on Thursday, March 18. Barclays raised its price target for Vale shares from $ 19.00 to $ 20.00 and assigned the stock an “overweight” rating in a research note on Monday, February 8. Zacks investment research Downgraded Vale’s shares from a “buy” to a “hold” rating and set a price target of $ 20.00 for the company. in a research note on Monday April 12. HSBC raised its price target on Vale shares from $ 21.50 to $ 25.00 and gave the company a “buy” rating in a research report published on Wednesday April 28. Finally, Exane BNP Paribas downgraded Vale’s stock from an “outperforming” rating to an “underperforming” rating in a research report on Friday 12 March. Two analysts gave the stock a sell rating, two issued a conservation rating and eight gave the company a buy rating. Vale has a consensus rating of “Buy” and a consensus price target of $ 19.68.
Valley stock open for $ 22.67 Thursday. The company has a current ratio of 1.96, a quick ratio of 1.60, and a debt ratio of 0.48. The 50-day moving average price of the stock is $ 19.90. Vale has a 12-month low of $ 10.06 and a 12-month high of $ 23.01. The company has a market cap of $ 116.26 billion, a PE ratio of 11.39, a P / E / G ratio of 0.13 and a beta of 0.99.
Vale (NYSE: VALE) last released its results on Sunday, April 25. The basic materials company reported EPS of $ 1.09 for the quarter, beating the Zacks consensus estimate of $ 1.05 by $ 0.04. Vale had a net margin of 22.30% and a return on equity of 49.76%. Research analysts predict that Vale will post earnings per share of 5.02 for the current fiscal year.
A number of institutional investors and hedge funds have recently changed their positions in the stock. Capital International Investors increased its stake in Vale by 32.5% in the first quarter. Capital International Investors now owns 167,132,674 shares of the basic materials company valued at $ 2,904,190,000 after acquiring an additional 41,008,285 shares in the last quarter. BlackRock Inc. increased its stake in Vale by 14.2% during the 1st quarter. BlackRock Inc. now owns 69,968,346 shares of the basic materials company valued at $ 1,216,049,000 after purchasing an additional 8,719,367 shares in the last quarter. RWC Asset Advisors US LLC acquired a new position in Vale during the fourth quarter valued at approximately $ 196,270,000. AQR Capital Management LLC increased its stake in Vale by 18.4% in the first quarter. AQR Capital Management LLC now owns 10,381,379 shares of the basic materials company valued at $ 180,428,000 after purchasing an additional 1,614,324 shares in the last quarter. Finally, Causeway Capital Management LLC increased its stake in Vale shares by 7.5% in the fourth quarter. Causeway Capital Management LLC now owns 8,571,546 shares of the basic materials company valued at $ 143,659,000 after acquiring an additional 598,760 shares during the period. 25.48% of the shares are held by hedge funds and other institutional investors.
Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in the steel industry in Brazil and abroad. The company operates through the ferrous minerals, base metals and coal segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys and other ferrous products; and provides related logistics services.
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