Vale (NYSE:VALE) Given New $14.50 Price Target at Barclays

Vale (NYSE:VALE) had its price target raised by Barclays from $13.80 to $14.50 in a research report report published on Monday,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Vale from $13.50 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Clarkson Capital assumed coverage on shares of Vale in a report on Wednesday, September 3rd. They issued a “buy” rating and a $12.00 price target on the stock. UBS Group increased their price target on shares of Vale from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings raised shares of Vale from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Vale from $11.00 to $12.00 and gave the company a “cautious” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.61.

Vale Trading Up 1.3%

Shares of VALE stock opened at $12.31 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. The company has a market capitalization of $55.88 billion, a price-to-earnings ratio of 10.01 and a beta of 0.82. Vale has a 52-week low of $8.06 and a 52-week high of $12.40. The company has a 50-day simple moving average of $11.13 and a two-hundred day simple moving average of $10.23.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 30th. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.39 billion. Vale had a return on equity of 18.14% and a net margin of 14.23%. Research analysts anticipate that Vale will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vontobel Holding Ltd. boosted its holdings in Vale by 59.5% during the 2nd quarter. Vontobel Holding Ltd. now owns 97,506 shares of the basic materials company’s stock valued at $947,000 after acquiring an additional 36,372 shares during the period. Royal Bank of Canada grew its holdings in shares of Vale by 37.8% in the first quarter. Royal Bank of Canada now owns 1,463,665 shares of the basic materials company’s stock worth $14,608,000 after purchasing an additional 401,614 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Vale by 11.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 529,967 shares of the basic materials company’s stock worth $5,019,000 after buying an additional 55,543 shares during the period. Ascent Group LLC boosted its position in Vale by 197.2% during the 1st quarter. Ascent Group LLC now owns 59,968 shares of the basic materials company’s stock valued at $598,000 after buying an additional 39,791 shares during the period. Finally, Rhumbline Advisers grew its holdings in Vale by 25.9% in the 1st quarter. Rhumbline Advisers now owns 166,125 shares of the basic materials company’s stock worth $1,658,000 after acquiring an additional 34,185 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

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. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.