Vale SA (NYSE:VALE) has been assigned a consensus rating of “Buy” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.56.
VALE has been the subject of several research reports. Clarkson Capital raised shares of Vale from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 24th. Jefferies Financial Group set a $15.00 price target on shares of Vale and gave the stock a “hold” rating in a research note on Friday, July 27th. Macquarie raised shares of Vale from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 26th. ValuEngine cut shares of Vale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, BMO Capital Markets raised shares of Vale from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Wednesday, June 27th.
Shares of VALE opened at $12.55 on Friday. The company has a market cap of $68.87 billion, a PE ratio of 8.63 and a beta of 1.76. Vale has a twelve month low of $9.53 and a twelve month high of $15.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.25.
The firm also recently declared a special dividend, which will be paid on Thursday, September 27th. Stockholders of record on Monday, August 6th will be paid a dividend of $0.0462 per share. The ex-dividend date is Friday, August 3rd. Vale’s dividend payout ratio is currently 6.67%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Vale by 1,518.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,027 shares of the basic materials company’s stock valued at $106,000 after buying an additional 7,531 shares during the last quarter. Smithfield Trust Co. acquired a new stake in shares of Vale in the 2nd quarter valued at approximately $121,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Vale in the 1st quarter valued at approximately $127,000. Moors & Cabot Inc. acquired a new stake in shares of Vale in the 1st quarter valued at approximately $132,000. Finally, M&T Bank Corp acquired a new stake in shares of Vale in the 1st quarter valued at approximately $138,000. 20.02% of the stock is owned by institutional investors.
Vale Company Profile
Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.
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