Vale (VALE) Expected to Announce Quarterly Earnings on Wednesday

Vale (NYSE:VALE) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $10.03 billion for the quarter.

Vale Stock Up 0.2 %

Shares of VALE opened at $9.58 on Wednesday. The firm has a market cap of $43.46 billion, a P/E ratio of 4.43, a PEG ratio of 0.30 and a beta of 0.91. Vale has a 12 month low of $8.38 and a 12 month high of $13.77. The stock’s 50 day moving average is $9.07 and its two-hundred day moving average is $10.03. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Analysts Set New Price Targets

Several research firms have issued reports on VALE. Barclays decreased their price objective on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.50 to $11.30 in a research note on Thursday, December 12th. UBS Group cut Vale from a “buy” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $11.50 in a report on Monday, November 11th. Scotiabank decreased their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. Finally, Jefferies Financial Group dropped their price target on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.89.

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.