Vale SA (NYSE:VALE) – Investment analysts at Jefferies Financial Group cut their FY2020 earnings per share estimates for Vale in a research report issued on Tuesday, February 11th. Jefferies Financial Group analyst C. Lafemina now expects that the basic materials company will post earnings of $1.73 per share for the year, down from their previous estimate of $1.80. Jefferies Financial Group has a “Buy” rating and a $16.00 price objective on the stock.
VALE has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Vale from $17.00 to $16.50 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Scotiabank upgraded shares of Vale from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $15.00 to $17.50 in a research report on Friday, November 22nd. Finally, Barclays restated a “buy” rating and set a $11.65 target price on shares of Vale in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.22.
Shares of VALE opened at $11.87 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.38 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $12.03. Vale has a 1-year low of $10.20 and a 1-year high of $14.19. The stock has a market cap of $60.95 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.27 and a beta of 1.16.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in shares of Vale by 62.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,492 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 958 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of Vale by 552.3% during the 4th quarter. Gradient Investments LLC now owns 2,283 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,933 shares in the last quarter. Evoke Wealth LLC acquired a new position in shares of Vale during the 3rd quarter valued at $38,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Vale during the 3rd quarter valued at $48,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Vale by 56.9% during the 3rd quarter. Pacer Advisors Inc. now owns 5,782 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 2,097 shares in the last quarter. Hedge funds and other institutional investors own 17.78% of the company’s stock.
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; and provides related logistic services.
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