Vale and FMG look finished according to Stifel. Only BHP and RIO...

Vale and FMG look finished according to Stifel. Only BHP and RIO will be left as major Fe ore producers now, 2 down in stead of 1

Vale SA (VALE) Stock Rating Lowered by Stifel Nicolaus

March 10th, 2016
Vale SA (NASDAQ:VALE) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Thursday, The Fly reports. They presently have a $3.93 price objective on the stock, up from their previous price objective of $2.13. Stifel Nicolaus’ target price suggests a potential upside of 1.29% from the stock’s current price. The analysts noted that the move was a valuation call.
Several large investors have recently added to or reduced their stakes in VALE. Henderson Group PLC raised its stake in Vale SA by 84.6% in the fourth quarter. Henderson Group PLC now owns 311,226 shares of the company’s stock valued at $1,019,000 after buying an additional 142,626 shares during the period. Two Sigma Investments LLC purchased a new stake in Vale SA during the fourth quarter valued at about $1,632,000. Bank of Montreal Can raised its stake in Vale SA by 550.8% in the fourth quarter. Bank of Montreal Can now owns 1,270,776 shares of the company’s stock valued at $4,182,000 after buying an additional 1,075,513 shares during the period. Bridgewater Associates LP raised its stake in Vale SA by 11.0% in the fourth quarter. Bridgewater Associates LP now owns 1,532,600 shares of the company’s stock valued at $5,042,000 after buying an additional 152,300 shares during the period. Finally, ARGA Investment Management LP raised its stake in Vale SA by 36.2% in the fourth quarter. ARGA Investment Management LP now owns 1,797,159 shares of the company’s stock valued at $5,912,000 after buying an additional 478,100 shares during the period.
Shares of Vale SA (NASDAQ:VALE) traded down 1.27% during trading on Thursday, hitting $3.88. 44,045,251 shares of the company traded hands. Vale SA has a 52 week low of $2.13 and a 52 week high of $9.14. The company has a 50 day moving average price of $2.87 and a 200 day moving average price of $3.74. The company’s market capitalization is $20.00 billion.
Several other equities analysts have also recently weighed in on the stock. HSBC reaffirmed a “buy” rating and set a $5.00 target price (down from $6.70) on shares of Vale SA in a research note on Tuesday, December 8th. Zacks Investment Research cut shares of Vale SA from a “hold” rating to a “sell” rating in a research note on Friday, February 19th. Barclays reaffirmed an “underweight” rating and set a $3.30 target price (down from $4.00) on shares of Vale SA in a research note on Thursday, December 3rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Vale SA in a research note on Wednesday, December 23rd. Finally, BMO Capital Markets reaffirmed an “underperform” rating and set a $3.00 target price (down from $3.75) on shares of Vale SA in a research note on Wednesday, December 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Vale SA has an average rating of “Hold” and an average target price of $4.00.
Vale SA (NASDAQ: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.
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