Vale S.A. (NYSE:VALE) Receives $16.67 Consensus Target Price from Analysts

Vale S.A. (NYSE:VALE) has received an average recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.67.

VALE has been the topic of a number of research analyst reports. Bank of America reissued a “neutral” rating and set a $13.00 price objective (down previously from $20.00) on shares of Vale in a report on Tuesday, April 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $19.00 price target on shares of Vale in a research report on Monday, February 12th. JPMorgan Chase & Co. dropped their price objective on Vale from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Vale from $18.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, April 4th. Finally, StockNews.com initiated coverage on Vale in a research report on Saturday, March 30th. They issued a “buy” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VALE. National Bank of Canada FI increased its stake in Vale by 26.8% in the 3rd quarter. National Bank of Canada FI now owns 509,192 shares of the basic materials company’s stock valued at $6,713,000 after purchasing an additional 107,721 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Vale in the 3rd quarter valued at about $177,000. Ronald Blue Trust Inc. increased its holdings in Vale by 88.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 9,165 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 4,306 shares in the last quarter. AdvisorNet Financial Inc raised its position in Vale by 44.7% during the third quarter. AdvisorNet Financial Inc now owns 2,702 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 835 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Vale by 2.6% in the third quarter. Ritholtz Wealth Management now owns 121,948 shares of the basic materials company’s stock valued at $1,634,000 after purchasing an additional 3,085 shares in the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Price Performance

Vale stock opened at $12.20 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $13.77. The stock has a market cap of $54.69 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 5.21 and a beta of 0.97. Vale has a 12-month low of $11.52 and a 12-month high of $16.08.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.48). Vale had a return on equity of 20.00% and a net margin of 19.10%. The business had revenue of $13.05 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the firm earned $0.82 earnings per share. Equities analysts expect that Vale will post 2.25 EPS for the current fiscal year.

Vale Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a $0.3182 dividend. This represents a yield of 9.7%. The ex-dividend date of this dividend was Tuesday, March 12th. Vale’s dividend payout ratio is presently 64.48%.

About Vale

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.