Additionally on 1/25/17 Bernstein "Upgrades" Vale S.A. (NYSE:VALE) to Outperform setting price target at $0 and on 1/12/17 Renaissance Capital "Upgrades" the stock to Market Perform at $9.4. Finally, BMO Capital Markets upgraded Vale SA from an "underperform" rating to a "market perform" rating and increased their target price for the company from $7.00 to $10.00 in a report on Friday, March 31st. Credit Suisse Group AG set a $8.00 target price on Vale SA and gave the company a "hold" rating in a research report on Sunday, May 28th. HSBC Holdings plc reaffirmed a "hold" rating and set a $10.00 target price (down from $10.25) on shares of Vale SA in a research report on Wednesday, May 17th.
The share price of the company (NYSE:VALE) was up +2.10%, with a high of 8.36 during the day and the volume of VALE S.A. shares traded was 29191273. The stock has a market cap of $42.82 billion, a PE ratio of 9.37 and a beta of 1.57. Latest closing price was -2.70% below its 50-day moving average and -14.58% below its 200-day moving average.
The stock of Vale SA (ADR) (NYSE:VALE) has "Neutral" rating given on Thursday, March 17 by Nomura. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.48 by $0.07. Vale SA had a net margin of 30.66% and a return on equity of 25.10%. The company had revenue of $8.52 billion for the quarter. On average, equities analysts expect that Vale SA will post $1.28 EPS for the current year.
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Several other large investors have also recently bought and sold shares of VALE.
Gabelli Funds LLC continued to hold its stake in shares of Vale SA (NYSE:VALE) during the first quarter, according to its most recent 13F filing with the SEC. Msdc Management Lp sold 2.97 million shares as Hrg Group Inc (HRG)'s stock declined 0.45%. Raymond James Trust N.A. purchased a new position in Vale SA during the first quarter worth $101,000. Finally, TD Asset Management Inc. boosted its stake in Vale SA by 11.5% in the first quarter. IPG Investment Advisors LLC now owns 34,844 shares of the basic materials company's stock valued at $331,000 after buying an additional 1,200 shares during the period. Point72 Asset Management L.P. now owns 104,357 shares of the basic materials company's stock worth $991,000 after buying an additional 78,357 shares during the period. Cadinha & Co. LLC purchased a new position in Vale SA during the first quarter worth $109,000. Paloma Partners Management Co now owns 24,654 shares of the basic materials company's stock worth $234,000 after buying an additional 9,703 shares during the period. Institutional investors own 7.98% of the company's stock.
Vale S.A.is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Firm also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.