Goldman Sachs Initiates Coverage on VALE S.A. ADR(NYSE:VALE). The shares have been rated Neutral. The rating by Goldman Sachs was issued on Jun 9, 2016.
In a different note, On May 9, 2016, Societe Generale said it Downgrades its rating on VALE S.A. ADR. The shares have been rated ‘Hold’ by the firm. On May 2, 2016, BB&T Capital said it Upgrades its rating on VALE S.A. ADR. The shares have been rated ‘Buy’ by the firm. On Mar 24, 2016, Bank of America said it Upgrades its rating on VALE S.A. ADR. The shares have been rated ‘Buy’ by the firm. On Mar 17, 2016, Nomura said it Downgrades its rating on VALE S.A. ADR. The shares have been rated ‘Neutral’ by the firm.
VALE S.A. ADR (VALE) made into the market gainers list on Wednesdays trading session with the shares advancing 2.36% or 0.1 points. Due to strong positive momentum, the stock ended at $4.33, which is also near the day’s high of $4.5. The stock began the session at $4.4 and the volume stood at 1,60,94,615 shares. The 52-week high of the shares is $6.69 and the 52 week low is $2.13. The company has a current market capitalization of $22,708 M and it has 5,24,43,16,100 shares in outstanding.
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.