Analysis: Vale (NYSE:VALE) Stock Target Upgraded Today
In a recent report distributed to Clients by Barclays Capital on Thursday morning, the firm, Vale (NYSE:VALE), had their target price cut to $3.30. Analusts presently have a solid “Underweight” rating on the stock.
From a total of 28 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 $10 while the lowest target price is $3. The mean of all analyst targets is $5.75 with a 70.18% above today’s ($3.42) stock price. Vale S.A. was the topic of 18 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 5.98 million shares of stock traded hands. Vale SA (ADR) (NYSE:VALE) has declined 56.25% since April 30, 2015 and is downtrending. It has underperformed by 55.96% the S&P500.
Vale S.A. is a metals and mining company. The company has a market cap of $16.33 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).