CLSA Downgrades Vale SA (ADR) to Sell

Brokerage firm CLSA Downgrades its rating on Vale SA (ADR)(NYSE:VALE). The shares have been rated Sell. Previously, the analysts had a Underperform rating on the shares. The rating by CLSA was issued on Apr 14, 2016.

In a different note, On Mar 24, 2016, Bank of America said it Upgrades its rating on Vale SA (ADR). The shares have been rated ‘Buy’ by the firm. On Mar 17, 2016, Nomura said it Downgrades its rating on Vale SA (ADR). The shares have been rated ‘Neutral’ by the firm. On Mar 10, 2016, Stifel Nicolaus said it Downgrades its rating on Vale SA (ADR). The shares have been rated ‘Hold’ by the firm. On Jan 20, 2016, HSBC said it Downgrades its rating on Vale SA (ADR). The shares have been rated ‘Hold’ by the firm.

Vale SA (ADR) (VALE) shares turned negative on Mondays trading session with the shares closing down -0.02 points or -0.38% at a volume of 2,28,29,614. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.41. The peak price level was also seen at $5.41 while the days lowest was $5.12. Finally the shares closed at $5.27. The 52-week high of the shares is $9.14 while the 52-week low is $2.13. According to the latest information available, the market cap of the company is $27,158 M.

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 also produces manganese ore ferroalloys metallurgical and thermal coal copper platinum group metals (PGMs) gold silver cobalt potash phosphates and other fertilizer nutrients. The Company operates through four business segments: Bulk Material Base metals Fertilizers and Other. The Bulk Material segment includes the production and extraction of ferrous minerals and the extraction of coal and its logistic services (railroads ports and terminals). The Base metals segment produces and extracts non-ferrous minerals. The Fertilizers segment produces three groups of nutrients such as potash phosphate and nitrogen. The Other segment includes sales and expenses of other products services and investments in joint ventures and associate in other businesses.

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Vale SA (ADR) - Is it time to Sell?

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