Analysts Set VALE S.A. (NYSE:VALE) Price Target at $11.84

Key Points

• Analysts have given Vale S.A. a consensus rating of “Moderate Buy”, with five analysts recommending buy and five recommending hold ratings.
• The company's average twelve-month price target among analysts is $11.84, with price targets ranging from $10.00 to $13.00 by various firms.
• Vale recently reported earnings exceeding expectations, with an EPS of $0.50 against an estimate of $0.34, although revenue fell short at $8.80 billion compared to the anticipated $9.54 billion.

VALE S.A. (NYSE:VALE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $11.86.

A number of brokerages have recently issued reports on VALE. Wall Street Zen initiated coverage on shares of VALE in a research report on Wednesday, May 7th. They set a "hold" rating for the company. Barclays increased their price objective on shares of VALE from $12.75 to $13.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. CICC Research started coverage on shares of VALE in a report on Monday, May 12th. They set an "outperform" rating and a $11.30 target price for the company. Clarkson Capital started coverage on shares of VALE in a research report on Wednesday. They set a "buy" rating and a $12.00 price target on the stock. Finally, Scotiabank cut their target price on shares of VALE from $13.00 to $12.50 and set a "sector perform" rating on the stock in a research note on Tuesday, July 22nd.

Institutional Investors Weigh In On VALE

A number of large investors have recently added to or reduced their stakes in VALE. Banque Transatlantique SA bought a new position in shares of VALE in the first quarter valued at about $30,000. CENTRAL TRUST Co bought a new stake in VALE during the second quarter worth $34,000. GAMMA Investing LLC grew its stake in shares of VALE by 98.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,075 shares of the basic materials company's stock worth $40,000 after acquiring an additional 2,021 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of VALE during the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of VALE by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 4,119 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 2,713 shares during the period. Institutional investors own 21.85% of the company's stock.

VALE Price Performance

VALE stock traded up $0.04 during mid-day trading on Tuesday, reaching $10.21. 21,202,530 shares of the company were exchanged, compared to its average volume of 22,973,514. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.85. VALE has a 12 month low of $8.06 and a 12 month high of $12.05. The firm has a market cap of $46.32 billion, a PE ratio of 8.30 and a beta of 0.79. The company has a fifty day simple moving average of $9.96 and a 200-day simple moving average of $9.68.

VALE (NYSE:VALE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. VALE had a return on equity of 18.14% and a net margin of 14.23%.The business had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $9.54 billion. As a group, equities research analysts expect that VALE will post 1.85 earnings per share for the current fiscal year.

VALE Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.3417 per share. This represents a yield of 740.0%. The ex-dividend date of this dividend is Wednesday, August 13th. VALE's payout ratio is 58.54%.

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.