Brokerages Set Vale SA (VALE) PT at $13.80

Vale SA (NYSE:VALE) has earned an average rating of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.80.

A number of brokerages have commented on VALE. Scotiabank cut Vale from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 4th. Exane BNP Paribas cut Vale from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 24th. Barclays restated a “buy” rating and issued a $13.40 price target on shares of Vale in a research report on Thursday, February 7th. Jefferies Financial Group cut Vale from a “buy” rating to a “hold” rating and reduced their price target for the stock from $18.00 to $14.00 in a research report on Monday, January 28th. Finally, ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a research report on Monday, March 11th.

Shares of VALE opened at $12.82 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.21. The stock has a market capitalization of $66.89 billion, a price-to-earnings ratio of 9.50 and a beta of 1.13. Vale has a 52 week low of $10.89 and a 52 week high of $16.13.

Large investors have recently added to or reduced their stakes in the stock. Hartree Partners LP purchased a new stake in shares of Vale during the third quarter worth about $4,526,000. SG Americas Securities LLC grew its holdings in Vale by 2,582.3% during the 4th quarter. SG Americas Securities LLC now owns 672,370 shares of the basic materials company’s stock valued at $8,869,000 after buying an additional 647,303 shares in the last quarter. SPX Equities Gestao de Recursos Ltda grew its holdings in Vale by 84.2% during the 4th quarter. SPX Equities Gestao de Recursos Ltda now owns 295,660 shares of the basic materials company’s stock valued at $3,900,000 after buying an additional 135,172 shares in the last quarter. Putnam Investments LLC grew its holdings in Vale by 375.2% during the 3rd quarter. Putnam Investments LLC now owns 561,250 shares of the basic materials company’s stock valued at $8,328,000 after buying an additional 443,150 shares in the last quarter. Finally, Henry James International Management Inc. grew its holdings in Vale by 415.6% during the 4th quarter. Henry James International Management Inc. now owns 95,453 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 76,940 shares in the last quarter. Hedge funds and other institutional investors own 19.50% of the company’s stock.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets 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.

Recommended Story: Google Finance Portfolio Tips and Tricks

Analyst Recommendations for Vale (NYSE:VALE)

Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.com's FREE daily email newsletter.