Shares of Vale S.A. (NYSE:VALE) have been assigned an average recommendation of "Buy" from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.61.
VALE has been the subject of several analyst reports. Exane BNP Paribas downgraded shares of Vale from an "outperform" rating to an "underperform" rating in a research note on Friday, March 12th. Zacks Investment Research downgraded shares of Vale from a "buy" rating to a "hold" rating and set a $20.00 price objective on the stock. in a research note on Monday. BNP Paribas reaffirmed an "underperform" rating and set a $18.30 price objective on shares of Vale in a research report on Thursday, March 18th. Bank of America reissued a "buy" rating on shares of Vale in a research report on Tuesday, March 16th. Finally, Barclays raised their target price on shares of Vale from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, February 8th.
Vale stock traded up $0.01 during trading on Friday, reaching $19.31. The company had a trading volume of 296,274 shares, compared to its average volume of 29,462,906. The firm has a market capitalization of $99.03 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 0.25 and a beta of 1.19. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm's 50-day simple moving average is $17.48 and its 200 day simple moving average is $15.50. Vale has a 52 week low of $7.36 and a 52 week high of $19.40.
The firm also recently disclosed a Variable dividend, which was paid on Monday, March 22nd. Investors of record on Monday, March 8th were issued a $0.745 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, March 5th. Vale's dividend payout ratio (DPR) is currently 53.75%.
Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in Vale by 20.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 298,960 shares of the basic materials company's stock worth $5,011,000 after acquiring an additional 51,109 shares during the last quarter. OneAscent Wealth Management LLC acquired a new stake in Vale in the fourth quarter valued at $194,000. Advisor Partners LLC lifted its holdings in Vale by 6.2% during the 3rd quarter. Advisor Partners LLC now owns 18,877 shares of the basic materials company's stock worth $200,000 after buying an additional 1,110 shares during the last quarter. Aperio Group LLC boosted its position in shares of Vale by 15.3% during the 4th quarter. Aperio Group LLC now owns 721,674 shares of the basic materials company's stock worth $12,095,000 after acquiring an additional 96,008 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Vale by 34.3% in the 4th quarter. Russell Investments Group Ltd. now owns 3,394,393 shares of the basic materials company's stock valued at $56,940,000 after acquiring an additional 867,341 shares during the last quarter. 19.02% of the stock is currently owned by institutional investors and hedge funds.
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 Ferrous Minerals, Base Metals, and Coal 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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