Reaffirmed: Vale SA (NYSE:VALE) “Buy” Rating Reiterated by Analysts at RBC Capital; $15.0 Target in Place

March 20, 2018 - By Dolores Ford

 Reaffirmed: Vale SA (NYSE:VALE)

Vale SA (NYSE:VALE) Rating Reaffirmed

New York: In a note revealed on 3 December, RBC Capital reconfirmed their “Buy” rating on Vale SA (NYSE:VALE) shares. They now have a $15.0 target on the company. RBC Capital’s target indicates a potential upside of 20.87 % from the company’s current stock price.

Vale S.A. (NYSE:VALE) Ratings Coverage

Among 27 analysts covering Vale S.A. (NYSE:VALE), 15 have Buy rating, 1 Sell and 11 Hold. Therefore 56% are positive. Vale S.A. has $15.0 highest and $2.50 lowest target. $8.63’s average target is -30.46% below currents $12.41 stock price. Vale S.A. had 76 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained Vale S.A. (NYSE:VALE) on Thursday, October 26 with “Hold” rating. Morgan Stanley upgraded the shares of VALE in report on Tuesday, August 9 to “Equal-Weight” rating. BMO Capital Markets maintained the shares of VALE in report on Monday, July 31 with “Hold” rating. CFRA maintained the stock with “Buy” rating in Friday, July 28 report. On Wednesday, January 20 the stock rating was downgraded by HSBC to “Hold”. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, October 10. The stock of Vale S.A. (NYSE:VALE) has “Hold” rating given on Thursday, February 15 by Jefferies. Societe Generale downgraded the stock to “Hold” rating in Monday, May 9 report. On Wednesday, December 7 the stock rating was upgraded by Credit Suisse to “Neutral”. The rating was maintained by BMO Capital Markets with “Hold” on Friday, June 2.

The stock decreased 0.48% or $0.06 during the last trading session, reaching $12.41. About 3.10 million shares traded. Vale S.A. (NYSE:VALE) has risen 111.11% since March 20, 2017 and is uptrending. It has outperformed by 94.41% the S&P500.

Analysts await Vale S.A. (NYSE:VALE) to report earnings on April, 26. They expect $0.29 earnings per share, down 29.27 % or $0.12 from last year’s $0.41 per share. VALE’s profit will be $1.52 billion for 10.70 P/E if the $0.29 EPS becomes a reality. After $0.36 actual earnings per share reported by Vale S.A. for the previous quarter, Wall Street now forecasts -19.44 % negative EPS growth.

Vale S.A., together with its subsidiaries, engages in the production and sale of iron ore and iron ore pallets for steelmaking in Brazil and internationally. The company has market cap of $64.86 billion. The Company’s Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous services and products, as well as engages in the provision of railroad, port, and terminal logistics services. It has a 11.93 P/E ratio. The companyÂ’s Coal segment is involved in the extraction of metallurgical and thermal coal; and provision of logistic services.

More notable recent Vale S.A. (NYSE:VALE) news were published by: which released: “5 Things Vale SA (ADR)’s Management Wants You to Know” on November 14, 2015, also with their article: “Is Vale SA (ADR) (VALE) Stock a Value or Value Trap?” published on March 14, 2017, published: “Vale SA Continues to Deliver Strong Price Gains, Higher Targets Seen” on February 15, 2018. More interesting news about Vale S.A. (NYSE:VALE) were released by: and their article: “Buy Vale SA (ADR) (VALE) Stock for the Coal Rebound” published on April 10, 2017 as well as‘s news article titled: “Volatile Vale SA (ADR) (VALE) Stock Is a Free-Income Magnet” with publication date: June 01, 2017.

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