Are Analysts Bullish Vale S.A. (NYSE:VALE) After Last Week?

May 16, 2018 - By Joseph Arnett

Vale S.A. (NYSE:VALE) Logo

Vale S.A. (NYSE:VALE) Ratings Coverage

Among 10 analysts covering Vale SA (NYSE:VALE), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Vale SA had 13 analyst reports since November 20, 2017 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Sunday, December 3. The stock has “Buy” rating by RBC Capital Markets on Tuesday, April 3. The stock of Vale S.A. (NYSE:VALE) earned “Buy” rating by BTG Pactual on Tuesday, November 28. The firm earned “Market Perform” rating on Thursday, March 1 by Cowen & Co. The firm earned “Buy” rating on Wednesday, March 28 by Bank of America. The stock of Vale S.A. (NYSE:VALE) has “Hold” rating given on Thursday, February 15 by Jefferies. As per Monday, November 27, the company rating was upgraded by Morgan Stanley. RBC Capital Markets downgraded Vale S.A. (NYSE:VALE) rating on Tuesday, April 24. RBC Capital Markets has “Hold” rating and $1600 target. The firm has “Outperform” rating given on Wednesday, November 22 by Macquarie Research. The stock of Vale S.A. (NYSE:VALE) has “Hold” rating given on Tuesday, January 16 by Deutsche Bank. Below is a list of Vale S.A. (NYSE:VALE) latest ratings and price target changes.

24/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $16.0000 Downgrade
03/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $16.0000 Maintain
28/03/2018 Broker: Bank of America Rating: Buy New Target: $16.5000 Initiate
01/03/2018 Broker: Cowen & Co Old Rating: Market Perform New Rating: Market Perform Old Target: $11 New Target: $15 Maintain
15/02/2018 Broker: Jefferies Rating: Hold New Target: $13.5 Maintain
26/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $12.5 Maintain
16/01/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Downgrade
03/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $15.0 Maintain
05/12/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade
28/11/2017 Broker: BTG Pactual Old Rating: Hold New Rating: Buy Upgrade

The stock increased 1.54% or $0.23 during the last trading session, reaching $15.14. About 22.86 million shares traded or 7.05% up from the average. Vale S.A. (NYSE:VALE) has risen 38.24% since May 16, 2017 and is uptrending. It has outperformed by 26.69% the S&P500.

Vale S.A., together with its subsidiaries, engages in the production and sale of iron ore and iron ore pallets for steelmaking in Brazil and internationally. The company has market cap of $80.39 billion. The Company’s Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous services and products, as well as engages in the provision of railroad, port, and terminal logistics services. It has a 15.05 P/E ratio. The companyÂ’s Coal segment is involved in the extraction of metallurgical and thermal coal; and provision of logistic services.

More news for Vale S.A. (NYSE:VALE) were recently published by: Mining.com, which released: “BHP faces shareholder class action over Brazil mine disaster” on May 16, 2018. Seekingalpha.com‘s article titled: “Vale’s Q1 results come in weaker than expected” and published on April 26, 2018 is yet another important article.

Vale S.A. (NYSE:VALE) Ratings Chart

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