Vale (VALE) Given a $15.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $15.00 price target on Vale (NYSE:VALE) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the basic materials company’s stock.

A number of other equities research analysts have also recently commented on the company. Jefferies Group reissued a hold rating on shares of Vale in a research note on Tuesday, October 3rd. Morgan Stanley started coverage on Vale in a research report on Monday, September 25th. They set a weight rating on the stock. UBS raised Vale from a hold rating to a buy rating in a research report on Tuesday, November 28th. TheStreet cut Vale from a b- rating to a c+ rating in a research report on Thursday, August 17th. Finally, BidaskClub cut Vale from a buy rating to a hold rating in a research report on Friday, September 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $10.87.

Vale (NYSE VALE) opened at $11.07 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $58,336.20, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.57. Vale has a twelve month low of $7.47 and a twelve month high of $11.72.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.15. The business had revenue of $9.05 billion during the quarter. Vale had a return on equity of 19.02% and a net margin of 15.25%. equities analysts forecast that Vale will post 1.21 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VALE. Commerzbank Aktiengesellschaft FI boosted its holdings in Vale by 17.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 878,447 shares of the basic materials company’s stock valued at $7,686,000 after acquiring an additional 127,916 shares during the period. ClariVest Asset Management LLC boosted its holdings in Vale by 3.9% during the 3rd quarter. ClariVest Asset Management LLC now owns 1,111,600 shares of the basic materials company’s stock valued at $11,193,000 after acquiring an additional 41,500 shares during the period. Victory Capital Management Inc. raised its position in Vale by 74.3% during the 2nd quarter. Victory Capital Management Inc. now owns 582,581 shares of the basic materials company’s stock valued at $5,098,000 after purchasing an additional 248,361 shares in the last quarter. State of Wisconsin Investment Board raised its position in Vale by 108.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 845,815 shares of the basic materials company’s stock valued at $7,401,000 after purchasing an additional 441,019 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Vale by 14.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,115,548 shares of the basic materials company’s stock valued at $11,234,000 after purchasing an additional 140,947 shares in the last quarter. Institutional investors and hedge funds own 20.37% of the company’s stock.

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Vale Company Profile

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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