Vale S.A. (NYSE:VALE) has received a consensus recommendation of “Moderate Buy” from analysts, according to data from Marketbeat. Sixteen research firms currently cover the company, providing a detailed outlook on its stock performance. Among these analysts, one has issued a sell recommendation, five have rated it as a hold, eight have assigned a buy rating, and two have given a strong buy rating.
The average 12-month price target among brokerages that have updated their assessments in the past year stands at approximately $12.61. This figure reflects the analysts’ expectations for the company’s future performance.
Analyst Ratings and Price Targets
Several recent reports highlight the diverse opinions among analysts regarding Vale’s stock. On November 3, Jefferies Financial Group established a price target of $15.00 and rated the stock as a “buy.” In contrast, Weiss Ratings reiterated a “hold (c-)” rating in a report published on October 30.
In a notable shift, Scotiabank upgraded Vale from a “sector perform” rating to a “sector outperform” rating, setting a new target price of $14.00 on September 18. Additionally, HSBC Global Research elevated Vale to a “strong-buy” rating on October 17, while Clarkson Capital initiated coverage with a “buy” rating and a target price of $12.00 on September 3.
Recent Performance and Financials
As of the opening on Friday, Vale’s stock traded down by 1.6% and was priced at $11.93. The company has a market capitalization of approximately $54.13 billion, a price-to-earnings (P/E) ratio of 9.70, and a beta of 0.82. Its 50-day moving average is $11.43, while the 200-day moving average is $10.37. Vale’s liquidity ratios indicate a quick ratio of 0.85, a current ratio of 1.22, and a debt-to-equity ratio of 0.48.
Vale’s stock has experienced fluctuation within the past year, with a low of $8.06 and a high of $12.60. The company recently disclosed its quarterly earnings results on October 30. For the quarter, Vale reported earnings per share (EPS) of $0.63, surpassing the consensus estimate of $0.49 by $0.14. Revenue for the quarter was reported at $10.42 billion, which slightly exceeded analyst expectations of $10.39 billion.
Looking ahead, analysts anticipate that Vale will achieve an EPS of 1.85 for the current fiscal year.
Vale S.A. operates primarily in the extraction and production of iron ore and iron ore pellets, which are essential raw materials in steelmaking. The company manages operations through its Iron Solutions and Energy Transition Materials segments, delivering a wide range of ferrous products and related logistical services.
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