Other analysts also recently issued reports about the stock. HSBC upgraded shares of Vale from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.25 to $21.50 in a report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Vale from a “buy” rating to a “hold” rating and lifted their price objective for the company from $20.00 to $22.00 in a report on Tuesday, April 5th. They noted that the move was a valuation call. StockNews.com initiated coverage on shares of Vale in a report on Tuesday, May 31st. They issued a “buy” rating on the stock. Royal Bank of Canada lowered their price objective on shares of Vale from $20.00 to $18.00 and set a “sector perform” rating on the stock in a report on Monday, April 25th. Finally, Morgan Stanley cut shares of Vale from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $19.00 to $22.00 in a research note on Wednesday, March 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.95.
Shares of VALE stock opened at $15.52 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $77.59 billion, a P/E ratio of 3.65, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The company’s 50 day moving average price is $17.23 and its two-hundred day moving average price is $16.77. Vale has a 52 week low of $11.16 and a 52 week high of $23.17.
About Vale (Get Rating)
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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.
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