Vale SA (ADR) (VALE) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 5.50 from a previous price target of $5 . RBC Capital Mkts advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on Vale SA (ADR). Company shares were Reiterated by Cowen on May 5, 2016 to “Market Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $3 .BB&T Capital Mkts Upgraded Vale SA (ADR) on May 2, 2016 to ” Buy”, Price Target of the shares are set at $10.Vale SA (ADR) was Downgraded by Credit Agricole to ” Sell” on Apr 14, 2016.
Vale SA (ADR) opened for trading at $4.6 and hit $4.92 on the upside on Friday, eventually ending the session at $4.78, with a gain of 3.24% or 0.15 points. The heightened volatility saw the trading volume jump to 3,97,98,063 shares. Company has a market cap of $24,633 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.