Vale (NYSE:VALE) Has Just Had Its Target Decreased by Equity Research Analysts at Nomura to $6.00

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Analysis: Vale (NYSE:VALE) Stock Target Has Been Increased Today

In a note distributed by Nomura on Wednesday morning, the firm, Vale (NYSE:VALE), had their target price per share cut to $6.00. Analusts now have a solid Buy rating on the stock.

From a total of 6 analysts covering Vale S.A. (NYSE:VALE) stock, 0 rate it a ”Buy”, 2 a “Sell”, and 2 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $8 while the lowest target price is $3. The mean of all analyst targets is $4.97 with a 83.64% above today’s ($3.3) stock price. Vale S.A. was the topic of 16 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Cowen & Co maintained shares on November 20 with “Market Perform” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $7 target share price in a report from an August 3. Stifel Nicolaus maintained VALE stock in a recent report from October 20 with “Buy” rating. Finally, Vetr upgraded the stock to “Strong-Buy” rating in a report issued on a September 2.

Approximately 4.88 million shares of stock traded hands. Vale SA (ADR) (NYSE:VALE) has declined 53.72% since April 29, 2015 and is downtrending. It has underperformed by 53.52% the S&P500.

Vale (NYSE:VALE) Has Just Had Its Target Decreased by Equity Research Analysts at Nomura to $6.00

Vale S.A. is a metals and mining company. The company has a market cap of $15.76 billion. The Firm is also a producer of iron ore and iron ore pellets, and nickel. It currently has negative earnings. The Firm also produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver, cobalt, potash, phosphates and other fertilizer nutrients.

According to Zacks Investment Research, “Vale SA is a mining company engaged in the mining of iron ore and pellets, nickel, manganese and ferro-alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. It operates logistics systems in Brazil, including railroads, maritime terminals and a port. Vale SA is based in Rio de Janeiro, Brazil.” Get a free copy of the Zacks research report on Vale SA (ADR) (VALE).

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