Vale's (VALE) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• Vale's stock received a "sell (D+)" rating from Weiss Ratings, although several other brokerages have varying opinions, with Scotiabank upgrading it to "sector outperform" with a $14.00 target price.
• The company's stock price reached $11.11, showing a slight increase of 0.6%, while it has a market capitalization of $50.41 billion and a P/E ratio of 9.04.
• Vale reported earnings of $0.50 per share for the last quarter, exceeding expectations, but its revenue fell short at $8.80 billion compared to analyst estimates of $9.54 billion.

Vale (NYSE:VALE - Get Free Report)'s stock had its "sell (d+)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on VALE. Scotiabank upgraded Vale from a "sector perform" rating to a "sector outperform" rating and set a $14.00 target price on the stock in a research note on Thursday, September 18th. Wells Fargo & Company initiated coverage on Vale in a report on Tuesday. They issued a "cautious" rating and a $11.00 price target on the stock. Barclays upped their target price on Vale from $13.50 to $13.70 and gave the stock an "overweight" rating in a report on Thursday, September 18th. UBS Group upped their target price on Vale from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Clarkson Capital initiated coverage on Vale in a report on Wednesday, September 3rd. They set a "buy" rating and a $12.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.95.

Vale Stock Up 0.6%

Shares of VALE stock traded up $0.07 during trading hours on Wednesday, reaching $11.11. The company had a trading volume of 25,398,721 shares, compared to its average volume of 35,704,660. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 1.22. Vale has a twelve month low of $8.06 and a twelve month high of $11.32. The company has a market capitalization of $50.41 billion, a P/E ratio of 9.04 and a beta of 0.80. The stock's fifty day simple moving average is $10.38 and its 200 day simple moving average is $9.85.

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

Institutional Investors Weigh In On Vale

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.