Vale SA (NYSE:VALE) has earned an average recommendation of “Buy” from the twenty-two analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.51.
Several research firms have recently issued reports on VALE. Santander upgraded shares of Vale from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Sandler O’Neill raised shares of Vale from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. BidaskClub cut shares of Vale from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 15th. Morgan Stanley reissued an “equal weight” rating and issued a $11.70 target price on shares of Vale in a research note on Monday, September 25th. Finally, Jefferies Group reissued a “hold” rating on shares of Vale in a research note on Tuesday, October 3rd.
Hedge funds have recently modified their holdings of the company. Raymond James Trust N.A. boosted its holdings in Vale by 8.4% during the second quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 893 shares during the last quarter. Verition Fund Management LLC acquired a new position in Vale during the second quarter worth $107,000. Baldwin Investment Management LLC boosted its holdings in Vale by 0.3% during the second quarter. Baldwin Investment Management LLC now owns 13,701 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 36 shares during the last quarter. Private Advisor Group LLC acquired a new position in Vale during the second quarter worth $127,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Vale during the third quarter worth $151,000. 18.89% of the stock is owned by institutional investors.
Vale (NYSE:VALE) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.25 by $0.15. The firm had revenue of $9.05 billion for the quarter. Vale had a net margin of 15.25% and a return on equity of 19.02%. analysts expect that Vale will post 1.21 earnings per share for the current fiscal year.
The business also recently disclosed a None dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Tuesday, December 26th will be given a dividend of $0.098 per share. The ex-dividend date is Friday, December 22nd. Vale’s dividend payout ratio is 18.90%.
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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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