Vale (NYSE:VALE) has been upgraded from Underweight to Equal-weight in a statement by Barclays Capital earlier today.
- Updated: September 25, 2016
Having a price of $5.11, Vale (NYSE:VALE) traded 0.00% even on the day. With the last close up 9.75% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VALE has recorded a 50-day average of $5.56 and a two hundred day average of $4.94. Trade Volume was down over the average, with 15,016,506 shares of VALE changing hands under the typical 24,440,600
Barclays Capital has upgraded Vale (NYSE:VALE) from Underweight to Equal-weight in a statement released on Wednesday September 21, 2016.
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Vale has a 52 week low of $2.13 and a 52 week high of $6.26 The company’s market cap is currently $0.
In addition to Barclays Capital reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is $4.03 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Vale (NYSE:VALE)
Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company's segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services. Its Coal segment consists of the extraction of coal and its logistic services. Its Base metals segment includes the production and extraction of non-ferrous minerals, and is presented as nickel and its by-products (ferro-nickel, copper, precious metals and others) and copper. Its Fertilizers segment includes the production of the three major groups of nutrients and other fertilizers products. Its Others segment consists of sales and expenses of other products, services and investments in joint ventures and associate in other businesses.
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