In a report released today, Srivathsan Manoharan from RBC Capital maintained a Buy rating on Vale SA (VALE – Research Report), with a price target of $19.00. The company’s shares closed last Friday at $13.26.
According to TipRanks, Manoharan is a 2-star analyst with an average return of 7.2% and a 20.00% success rate.
Vale SA has an analyst consensus of Strong Buy, with a price target consensus of $18.06, implying a 36.20% upside from current levels. In a report released on January 30, Barclays also assigned a Buy rating to the stock with a $16.00 price target.
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VALE market cap is currently $57.2B and has a P/E ratio of 6.30.
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Vale SA (VALE) Company Description:
Founded in 1942, Brazil-based Vale SA produces and exports iron ore, pellets, manganese, and iron alloys, which are used as raw materials in steelmaking. It operates through the following segments: Ferrous Minerals, Coal and Base Metals.
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