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.
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.
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