Vale S.A. (VALE) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Vale S.A. (NYSE:VALE) from a hold rating to a sell rating in a research report released on Saturday.

Several other research analysts have also issued reports on the stock. Vetr lowered shares of Vale from a strong-buy rating to a buy rating and set a $9.26 target price for the company. in a research report on Monday, June 12th. Jefferies Group LLC set a $8.00 price target on shares of Vale and gave the company a hold rating in a research report on Thursday, June 8th. BMO Capital Markets restated a hold rating and set a $10.00 price target on shares of Vale in a research report on Friday, June 2nd. HSBC Holdings plc upgraded shares of Vale from a hold rating to a buy rating and upped their price target for the company from $8.67 to $8.76 in a research report on Wednesday, May 31st. Finally, Credit Suisse Group set a $8.00 price target on shares of Vale and gave the company a hold rating in a research report on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Vale has an average rating of Hold and a consensus price target of $9.37.

Vale (VALE) traded up 0.51% during midday trading on Friday, hitting $7.88. The company had a trading volume of 24,826,166 shares. The firm has a market capitalization of $40.61 billion, a P/E ratio of 8.88 and a beta of 1.55. The firm’s 50 day moving average is $8.31 and its 200-day moving average is $9.13. Vale has a 52 week low of $4.32 and a 52 week high of $11.70. Vale also saw unusually large options trading activity on Friday. Investors purchased 19,322 put options on the stock. This represents an increase of 172% compared to the average daily volume of 7,100 put options.

Vale (NYSE:VALE) last announced its earnings results on Thursday, April 27th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.07. Vale had a return on equity of 16.32% and a net margin of 14.60%. The company had revenue of $8.52 billion during the quarter. On average, equities research analysts expect that Vale will post $1.25 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Amerigo Asset Management bought a new position in Vale during the first quarter worth about $76,950,000. Acadian Asset Management LLC bought a new position in Vale during the first quarter worth about $67,035,000. LMR Partners LLP bought a new position in Vale during the first quarter worth about $48,332,000. Horseman Capital Management Ltd bought a new position in Vale during the first quarter worth about $47,070,000. Finally, William Blair Investment Management LLC bought a new position in Vale during the fourth quarter worth about $27,612,000. 9.01% of the stock is owned by institutional investors.

About Vale

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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