News coverage about Vale SA (NYSE:VALE) has trended somewhat positive on Monday, according to AlphaOne Sentiment. The research group, a service of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vale SA earned a coverage optimism score of 0.07 on AlphaOne’s scale. AlphaOne also gave news headlines about the basic materials company an impact score of 25 out of 100, meaning that recent press coverage is very unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Alpha One’s scoring:
- Barrick up despite lawsuit (mining-journal.com)
- Vale SA (VALE) Sees Significant Growth in Short Interest (americanbankingnews.com)
- Neil Perry’s cuttlefish braised in red wine, and lemon tart (smh.com.au)
- Vale : inaugurates the Nacala Corridor in Southeast Africa (4-traders.com)
- What are analysts saying about Vale SA’s (VALE) future? (simplywall.st)
Several research firms have weighed in on VALE. Vetr upgraded Vale SA from a “buy” rating to a “strong-buy” rating and set a $13.15 price target for the company in a report on Tuesday, February 21st. Zacks Investment Research downgraded Vale SA from a “buy” rating to a “hold” rating in a report on Saturday, February 18th. Credit Suisse Group AG set a $7.00 price target on Vale SA and gave the stock a “hold” rating in a report on Saturday, February 18th. Jefferies Group LLC set a $9.00 price objective on Vale SA and gave the stock a “hold” rating in a report on Friday, February 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $14.20 price objective on shares of Vale SA in a report on Thursday, February 16th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $9.16.
Vale SA (NYSE:VALE) traded up 3.087% during mid-day trading on Monday, reaching $8.515. The company had a trading volume of 15,512,875 shares. Vale SA has a one year low of $3.85 and a one year high of $11.70. The company’s 50-day moving average is $8.86 and its 200-day moving average is $8.98. The stock has a market capitalization of $43.88 billion, a PE ratio of 9.357 and a beta of 1.57.
Vale SA (NYSE:VALE) last released its quarterly earnings data on Thursday, April 27th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.07. Vale SA had a negative net margin of 19.99% and a positive return on equity of 2.90%. The business had revenue of $8.52 billion for the quarter. Equities research analysts anticipate that Vale SA will post $1.26 earnings per share for the current year.
The company also recently announced a semiannual dividend, which was paid on Friday, May 5th. Investors of record on Wednesday, April 26th were given a dividend of $0.2881 per share. This is a boost from Vale SA’s previous semiannual dividend of $0.19. The ex-dividend date was Monday, April 24th. This represents a yield of 5.8%. Vale SA’s dividend payout ratio is presently -4.00%.
About Vale SA
Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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