Vale (VALE) Rating Reiterated by Cowen
Cowen reiterated their market perform rating on shares of Vale (NYSE:VALE) in a report published on Thursday morning, Marketbeat Ratings reports. Cowen currently has a $15.00 price target on the basic materials company’s stock, up from their previous price target of $11.00.
Several other equities analysts also recently commented on VALE. Jefferies Group reiterated a hold rating and set a $14.00 price target on shares of Vale in a report on Thursday, February 15th. BMO Capital Markets set a $11.00 price target on Vale and gave the company a hold rating in a report on Thursday, December 7th. UBS Group upgraded Vale from a hold rating to a buy rating in a report on Tuesday, November 28th. Credit Suisse Group reiterated a buy rating and set a $16.00 price target on shares of Vale in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a hold rating and set a $11.00 price target on shares of Vale in a report on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $13.18.
Vale (VALE) opened at $13.39 on Thursday. Vale has a twelve month low of $7.47 and a twelve month high of $14.67. The company has a current ratio of 1.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $71,090.00, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 0.89 and a beta of 1.55.
Several institutional investors have recently made changes to their positions in VALE. Certified Advisory Corp acquired a new stake in Vale during the fourth quarter worth $116,000. Rational Advisors LLC acquired a new stake in Vale during the fourth quarter worth $122,000. KCS Wealth Advisory acquired a new stake in Vale during the fourth quarter worth $125,000. GWM Advisors LLC acquired a new stake in Vale during the fourth quarter worth $149,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Vale during the third quarter worth $151,000. Institutional investors and hedge funds own 19.03% of the company’s stock.
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Vale Company Profile
Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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