Vale SA (NYSE:VALE) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Tuesday. They presently have a $5.84 price target on the stock. Vetr‘s price target indicates a potential upside of 3.18% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Morgan Stanley raised shares of Vale SA from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $4.80 to $6.20 in a research report on Tuesday, August 9th. JPMorgan Chase & Co. raised shares of Vale SA from a “neutral” rating to an “overweight” rating in a research report on Monday, September 12th. Goldman Sachs Group Inc. began coverage on shares of Vale SA in a research report on Thursday, June 9th. They set a “neutral” rating and a $4.40 target price on the stock. Barclays PLC raised shares of Vale SA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, September 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Vale SA from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 8th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Vale SA presently has a consensus rating of “Hold” and a consensus target price of $5.00.
Vale SA (NYSE:VALE) opened at 5.66 on Tuesday. The firm’s market cap is $29.17 billion. The firm’s 50-day moving average is $5.50 and its 200 day moving average is $5.03. Vale SA has a 1-year low of $2.13 and a 1-year high of $6.26.
Several hedge funds have recently made changes to their positions in VALE. Scotia Capital Inc. boosted its stake in shares of Vale SA by 13.1% in the first quarter. Scotia Capital Inc. now owns 63,280 shares of the company’s stock worth $267,000 after buying an additional 7,320 shares during the period. LPL Financial LLC boosted its stake in shares of Vale SA by 4.2% in the first quarter. LPL Financial LLC now owns 321,495 shares of the company’s stock worth $1,328,000 after buying an additional 12,910 shares during the period. Capital Growth Management LP bought a new stake in shares of Vale SA during the first quarter worth approximately $13,051,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Vale SA during the first quarter worth approximately $21,892,000. Finally, Kiltearn Partners LLP boosted its stake in shares of Vale SA by 10.1% in the first quarter. Kiltearn Partners LLP now owns 17,061,693 shares of the company’s stock worth $71,830,000 after buying an additional 1,560,700 shares during the period.
Vale SA Company Profile
Vale SA (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company’s segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services.
To view Vetr’s full report, visit Vetr’s official website.
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