Vale SA (ADR) (VALE) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 9, 2016.
Many Wall Street Analysts have commented on Vale SA (ADR). Vale SA (ADR) was Initiated by Goldman to “Neutral” on Jun 9, 2016.
Vale SA (ADR) opened for trading at $6.02 and hit $6.15 on the upside on Monday, eventually ending the session at $6.03, with a gain of 0.17% or 0.01 points. The heightened volatility saw the trading volume jump to 2,30,04,615 shares. Company has a market cap of $31,075 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.