Jefferies Issues a Upgrade for Vale S.A (VALE) from a Hold to Buy Rating

September 8, 2018 - By Carolyn Hewitt

Vale S.A. (NYSE:VALE) Logo

Vale S.A (VALE) Stock Upgrade

Vale S.A (VALE) was increased by Jefferies from a Hold rating to a solid Buy rating in an analyst report shared with investors and clients on Friday, 7 September.

The stock increased 0.15% or $0.02 during the last trading session, reaching $13.01. About 15.27 million shares traded. Vale S.A. (VALE) has risen 69.29% since September 8, 2017 and is uptrending. It has outperformed by 56.72% the S&P500.

Analysts await Vale S.A. (NYSE:VALE) to report earnings on October, 25. They expect $0.38 EPS, down 5.00 % or $0.02 from last year’s $0.4 per share. VALE’s profit will be $1.99B for 8.56 P/E if the $0.38 EPS becomes a reality. After $0.40 actual EPS reported by Vale S.A. for the previous quarter, Wall Street now forecasts -5.00 % 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 $68.01 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 17.03 P/E ratio. The companyÂ’s Coal segment is involved in the extraction of metallurgical and thermal coal; and provision of logistic services.

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

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