Analysis: Vale (NYSE:VALE) Stock Target Has Just Been Increased Today
In a recent research report issued by HSBC Securities on 8 December, the firm, Vale (NYSE:VALE), had their target price per share downgraded to $5.00. 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 78.85% above today’s ($3.12) stock price. Vale S.A. was the topic of 20 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Cowen & Co maintained shares on November 20 with “Market Perform” rating. UBS upgraded VALE stock in a recent report from October 19 to “Neutral” rating. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on an August 3.
The stock decreased 3.11% or $0.1 during the last trading session, striking $3.12. Approximately 39.17 million shares of stock traded hands or 48.20% up from the average. Vale SA (ADR) (NYSE:VALE) has declined 61.90% since May 6, 2015 and is downtrending. It has underperformed by 61.11% the S&P500.
Vale S.A. is a metals and mining company. The company has a market cap of $15.79 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).