Vale (VALE) Expected to Announce Earnings on Wednesday

Vale (NYSE:VALE) will likely be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect Vale to post earnings of $0.56 per share and revenue of $10.03 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Vale Price Performance

Vale stock opened at $9.78 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. Vale has a 52 week low of $8.38 and a 52 week high of $13.77. The stock has a market capitalization of $44.37 billion, a P/E ratio of 4.53, a price-to-earnings-growth ratio of 0.30 and a beta of 0.91. The stock has a fifty day moving average of $9.08 and a 200-day moving average of $10.00.

Analyst Ratings Changes

A number of equities research analysts have commented on VALE shares. Jefferies Financial Group reduced their price target on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and reduced their price target for the company from $14.00 to $11.50 in a research report on Monday, November 11th. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, Scotiabank cut their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.26.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.