Vale (NYSE:VALE) Stock Rating Reaffirmed by Clarkson Capital

Vale (NYSE:VALE – Get Rating)‘s stock had its “buy” rating reaffirmed by equities research analysts at Clarkson Capital in a research note issued on Tuesday, PriceTargets.com reports.

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.

A number of hedge funds have recently added to or reduced their stakes in the business. Capital International Investors boosted its position in Vale by 8.6% during the fourth quarter. Capital International Investors now owns 203,688,052 shares of the basic materials company’s stock worth $2,855,813,000 after purchasing an additional 16,114,413 shares during the period. Capital World Investors boosted its position in Vale by 8.3% during the first quarter. Capital World Investors now owns 144,894,878 shares of the basic materials company’s stock worth $2,896,461,000 after purchasing an additional 11,140,797 shares during the period. Invesco Ltd. boosted its position in Vale by 0.3% during the fourth quarter. Invesco Ltd. now owns 79,731,354 shares of the basic materials company’s stock worth $1,117,833,000 after purchasing an additional 216,573 shares during the period. BlackRock Inc. boosted its position in Vale by 19.2% during the first quarter. BlackRock Inc. now owns 78,304,101 shares of the basic materials company’s stock worth $1,565,299,000 after purchasing an additional 12,609,820 shares during the period. Finally, Schroder Investment Management Group boosted its position in Vale by 76.4% during the fourth quarter. Schroder Investment Management Group now owns 24,691,781 shares of the basic materials company’s stock worth $346,178,000 after purchasing an additional 10,693,528 shares during the period. 23.37% of the stock is owned by hedge funds and other institutional investors.

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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