Brokerage Firm Rating Update on VALE S.A. (VALE)

VALE S.A. (VALE) : 2 brokerage houses believe that VALE S.A. (VALE) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on VALE S.A. (VALE). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

VALE S.A. (VALE) : The highest short term price target forecast on VALE S.A. (VALE) is $7 and the lowest target price is $3. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $5.33 with a standard deviation of $1.43.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Jefferies maintains the rating on VALE S.A. (NYSE:VALE). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $5.5 per share to $6 per share. The rating by the firm was issued on August 23, 2016.

VALE S.A. (NYSE:VALE): stock was range-bound between the intraday low of $5.53 and the intraday high of $5.65 after having opened at $5.54 on Wednesdays session. The stock finally closed in the red at $5.54, a loss of -1.40%. The stock remained in the red for the whole trading day. The total traded volume was 19,978,316 shares. The stock failed to cross $5.65 in Wednesdays trading. The stocks closing price on Thursday was $5.72.

Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company also produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver, cobalt, potash, phosphates and other fertilizer nutrients. The Company operates through four business segments: Bulk Material, Base metals, Fertilizers and Other. The Bulk Material segment includes the production and extraction of ferrous minerals, and the extraction of coal and its logistic services (railroads, ports and terminals). The Base metals segment produces and extracts non-ferrous minerals. The Fertilizers segment produces three groups of nutrients, such as potash, phosphate and nitrogen. The Other segment includes sales and expenses of other products, services and investments in joint ventures and associate in other businesses.

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