Vale S.A. (NYSE:VALE – Get Rating) – Jefferies Financial Group lowered their FY2022 earnings per share (EPS) estimates for Vale in a research report issued on Monday, July 11th. Jefferies Financial Group analyst C. Lafemina now anticipates that the basic materials company will post earnings of $3.01 per share for the year, down from their previous forecast of $3.76. Jefferies Financial Group has a “Buy” rating and a $24.00 price objective on the stock. The consensus estimate for Vale’s current full-year earnings is $3.75 per share. Jefferies Financial Group also issued estimates for Vale’s FY2023 earnings at $2.97 EPS, FY2024 earnings at $4.10 EPS and FY2025 earnings at $4.92 EPS.
A number of other brokerages also recently issued reports on VALE. Royal Bank of Canada reduced their price target on Vale from $20.00 to $18.00 and set a “sector perform” rating on the stock in a report on Monday, April 25th. BNP Paribas downgraded Vale from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on Vale from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, June 29th. Exane BNP Paribas cut Vale from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Wednesday. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Vale in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.65.
NYSE VALE opened at $13.46 on Wednesday. Vale has a 1-year low of $11.16 and a 1-year high of $23.15. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $15.83 and a 200-day moving average of $16.88. The firm has a market cap of $67.29 billion, a PE ratio of 3.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.04.
Vale (NYSE:VALE – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). Vale had a return on equity of 66.28% and a net margin of 40.09%. The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $11.32 billion.
A number of hedge funds have recently modified their holdings of VALE. Sargent Bickham Lagudis LLC grew its position in shares of Vale by 105.9% during the first quarter. Sargent Bickham Lagudis LLC now owns 1,256 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 646 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Vale by 1,566.7% during the first quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,175 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Vale during the first quarter valued at about $25,000. Vigilant Capital Management LLC purchased a new position in shares of Vale during the second quarter valued at about $25,000. Finally, Cornerstone Advisory LLC purchased a new position in shares of Vale during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 23.37% of the company’s stock.
Vale Company Profile (Get Rating)
Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.
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