Analysts take a look at Vale SA (ADR) (NYSE:VALE) having this to say.

June 19, 2017 - By Adrian Erickson

 Analysts take a look at Vale SA (ADR) (NYSE:VALE) having this to say.

Vale SA (ADR) (NYSE:VALE) Ratings Coverage

Among 23 analysts covering Vale S.A. (NYSE:VALE), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. Vale S.A. had 46 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 3. As per Wednesday, January 20, the company rating was downgraded by HSBC. The rating was upgraded by Bernstein to “Outperform” on Wednesday, January 25. The firm earned “Hold” rating on Thursday, March 10 by Stifel Nicolaus. The stock of Vale SA (ADR) (NYSE:VALE) earned “Buy” rating by Canaccord Genuity on Friday, September 4. The stock of Vale SA (ADR) (NYSE:VALE) earned “Neutral” rating by Goldman Sachs on Thursday, June 9. The rating was upgraded by Citigroup on Tuesday, November 1 to “Neutral”. On Thursday, April 14 the stock rating was downgraded by CLSA to “Sell”. As per Monday, May 9, the company rating was downgraded by Societe Generale. The company was upgraded on Tuesday, August 9 by Morgan Stanley. Below is a list of Vale SA (ADR) (NYSE:VALE) latest ratings and price target changes.

02/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $10.0000 Maintain
31/05/2017 Broker: HSBC Rating: Buy Upgrade
26/05/2017 Broker: Credit Suisse Rating: Hold New Target: $8.0000 Maintain
31/03/2017 Broker: BMO Capital Markets Old Rating: Underperform New Rating: Market Perform Old Target: $7.00 New Target: $10.00 Upgrade
25/01/2017 Broker: Bernstein Old Rating: Mkt Perform New Rating: Outperform Upgrade
23/01/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
12/01/2017 Broker: Renaissance Capital Old Rating: Underperform New Rating: Market Perform Old Target: $9.30 New Target: $9.40 Upgrade
09/01/2017 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Upgrade

About 11.95M shares traded. Vale SA (ADR) (NYSE:VALE) has risen 111.11% since June 19, 2016 and is uptrending. It has outperformed by 94.41% the S&P500.

Vale S.A. is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The company has market cap of $41.76 billion. The Firm also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt. It has a 7.16 P/E ratio.

More important recent Vale SA (ADR) (NYSE:VALE) news were published by: Investorplace.com which released: “Volatile Vale SA (ADR) (VALE) Stock Is a Free-Income Magnet” on June 01, 2017, also Investorplace.com published article titled: “Vale SA (ADR) (VALE) Stock Has ‘Sleeper Hit’ Potential”, Investorplace.com published: “Buy Vale SA (ADR) (VALE) Stock for the Coal Rebound” on April 10, 2017. More interesting news about Vale SA (ADR) (NYSE:VALE) was released by: Investorplace.com and their article: “Trade of the Day: Vale SA (ADR) (NYSE:VALE)” with publication date: May 22, 2017.

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