Shares of Vale SA (NYSE:VALE) were down 5.5% during trading on Wednesday . The stock traded as low as $11.05 and last traded at $11.06, approximately 24,040,023 shares traded hands during mid-day trading. A decline of 8% from the average daily volume of 26,179,066 shares. The stock had previously closed at $11.70.

Several equities analysts have commented on VALE shares. ValuEngine raised shares of Vale from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Deutsche Bank set a $15.00 price target on shares of Vale and gave the company a “hold” rating in a research report on Thursday, July 11th. TheStreet cut shares of Vale from a “b-” rating to a “c” rating in a research report on Thursday, May 16th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.50 to $15.50 in a research report on Friday, May 24th. Finally, Royal Bank of Canada raised shares of Vale from an “underperform” rating to a “sector perform” rating and set a $11.00 price target for the company in a research report on Friday, May 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two 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 $14.22.

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.24. The firm has a market capitalization of $58.96 billion, a P/E ratio of 5.98, a PEG ratio of 2.04 and a beta of 1.09. The business’s 50-day moving average is $13.07.

Vale (NYSE:VALE) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.34). The firm had revenue of $9.19 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Vale had a return on equity of 21.11% and a net margin of 9.30%. On average, equities analysts predict that Vale SA will post 1.39 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. raised its stake in Vale by 89.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 143,093 shares of the basic materials company’s stock worth $1,923,000 after acquiring an additional 67,711 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Vale by 90.8% during the second quarter. Cubist Systematic Strategies LLC now owns 326,784 shares of the basic materials company’s stock worth $4,392,000 after buying an additional 155,513 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Vale during the second quarter worth about $15,758,000. Westwood Holdings Group Inc. boosted its holdings in Vale by 2,329.7% during the second quarter. Westwood Holdings Group Inc. now owns 10,569 shares of the basic materials company’s stock worth $142,000 after buying an additional 10,134 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Vale by 219.7% during the second quarter. Morgan Stanley now owns 13,786,527 shares of the basic materials company’s stock worth $185,292,000 after buying an additional 9,474,120 shares in the last quarter. 19.20% of the stock is owned by institutional investors and hedge funds.

Vale Company Profile (NYSE:VALE)

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; and provides related logistic services.

Further Reading: What are retained earnings?

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