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Vale S.A. (NYSE:VALE) target price raised to $14.50, reported today by RBC Capital

RBC Capital bumped up the target of Vale S.A. (NYSE:VALE) to $14.50 stating a potential upside of 0.48%.

Just yesterday Vale S.A. (NYSE:VALE) traded 1.32% higher at $9.79. Vale S.A.’s 50-day moving average is $10.33 and its 200-day moving average is $9.40. The last stock price is up 6.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 26,139,788 shares of VALE traded hands, down from an average trading volume of 29,207,800

Recent Performance Chart

Vale S.A. (NYSE:VALE)

Vale S.A. has 52 week low of $6.59 and a 52 week high of $11.72 with a PE ratio of 14.44 and has a market capitalization of $0.

In addition to RBC Capital reporting its stock price target, a total of 5 brokerages have issued a research note on the company. The average stock price target is $4.03 with one brokerage rating the company a strong buy, zero brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly one brokerage rating the company a sell.

General Company Details For Vale S.A. (NYSE:VALE)

Vale S.A. is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt. The Company's segments include Ferrous minerals, which comprises the production and extraction of ferrous minerals, as iron ore fines, iron ore pellets and its logistic services, manganese and ferroalloys and others ferrous products and services; Coal, which comprises the extraction of metallurgical and thermal coal and its logistic services; Base metals, which includes the production and extraction of non-ferrous minerals, and are presented as nickel and its byproducts, and copper (copper concentrated), and Others, which comprises sales and expenses of other products, services and investments in joint ventures and associate in other business.

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