Shares of Vale SA (NYSE:VALE) have been assigned an average rating of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.95.

VALE has been the topic of a number of recent analyst reports. Barclays reaffirmed a “buy” rating and issued a $13.40 target price on shares of Vale in a research report on Thursday, February 7th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and set a $11.40 target price on the stock. in a research report on Thursday, February 7th. HSBC downgraded shares of Vale from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.50 in a research report on Monday, January 28th. Jefferies Financial Group downgraded shares of Vale from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Monday, January 28th. Finally, ValuEngine raised shares of Vale from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

Shares of NYSE VALE traded up $0.04 during mid-day trading on Monday, reaching $13.28. The company had a trading volume of 694,626 shares, compared to its average volume of 24,985,264. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.19. The company has a market capitalization of $69.08 billion, a price-to-earnings ratio of 7.18 and a beta of 1.13. Vale has a 52-week low of $10.89 and a 52-week high of $16.13.

Several hedge funds have recently made changes to their positions in VALE. Lindbrook Capital LLC bought a new position in Vale during the 4th quarter valued at $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Vale during the fourth quarter worth $29,000. Great West Life Assurance Co. Can acquired a new stake in shares of Vale during the third quarter worth $119,000. Bessemer Group Inc. acquired a new stake in shares of Vale during the fourth quarter worth $124,000. Finally, James Investment Research Inc. raised its holdings in shares of Vale by 57.7% during the fourth quarter. James Investment Research Inc. now owns 9,460 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 3,460 shares during the period. Institutional investors and hedge funds own 19.79% of the company’s stock.

Vale Company Profile

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. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

Featured Story: How to interpret a stock’s beta number

Analyst Recommendations for Vale (NYSE:VALE)

Receive News & Ratings for Vale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale and related companies with MarketBeat.com's FREE daily email newsletter.