Royal Bank of Canada lowered shares of Vale (NYSE:VALE) from an outperform rating to a sector perform rating in a research report report published on Tuesday, Marketbeat Ratings reports. Royal Bank of Canada currently has $16.00 price target on the basic materials company’s stock.

Several other analysts also recently commented on VALE. Credit Suisse Group set a $16.00 target price on Vale and gave the company a buy rating in a research note on Friday, April 6th. TheStreet downgraded Vale from a b- rating to a c+ rating in a research note on Tuesday, March 13th. Jefferies Group restated a hold rating and issued a $14.50 target price on shares of Vale in a research note on Thursday, March 1st. Cowen restated a market perform rating and issued a $15.00 target price (up from $11.00) on shares of Vale in a research note on Thursday, March 1st. Finally, Macquarie downgraded Vale from an outperform rating to a neutral rating in a research note on Tuesday, March 27th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $13.63.

Shares of VALE opened at $13.95 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.45 and a quick ratio of 1.15. The stock has a market capitalization of $71,377.48, a PE ratio of 10.33 and a beta of 1.64. Vale has a one year low of $7.47 and a one year high of $14.67.

Vale (NYSE:VALE) last issued its earnings results on Tuesday, February 27th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.13. The company had revenue of $9.17 billion during the quarter. Vale had a return on equity of 16.63% and a net margin of 16.21%. sell-side analysts forecast that Vale will post 1.46 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Vale by 247,063.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,651,050 shares of the basic materials company’s stock worth $20,192,000 after buying an additional 1,650,382 shares in the last quarter. Pinnacle Associates Ltd. bought a new position in shares of Vale during the 4th quarter worth approximately $1,941,000. BT Investment Management Ltd lifted its position in shares of Vale by 6.6% during the 4th quarter. BT Investment Management Ltd now owns 1,694,251 shares of the basic materials company’s stock worth $20,721,000 after buying an additional 105,548 shares in the last quarter. Aperio Group LLC lifted its position in shares of Vale by 11.3% during the 4th quarter. Aperio Group LLC now owns 323,421 shares of the basic materials company’s stock worth $3,955,000 after buying an additional 32,715 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Vale by 281.9% during the 4th quarter. Advisory Services Network LLC now owns 20,781 shares of the basic materials company’s stock worth $250,000 after buying an additional 15,340 shares in the last quarter. 19.08% of the stock is currently owned by hedge funds and other institutional investors.

Vale Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Analyst Recommendations for Vale (NYSE:VALE)

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