Vale SA (NYSE:VALE) declared a None dividend on Friday, December 15th, NASDAQ reports. Shareholders of record on Tuesday, December 26th will be paid a dividend of 0.098 per share by the basic materials company on Thursday, March 22nd. The ex-dividend date of this dividend is Friday, December 22nd.
Vale (NYSE VALE) traded up $0.08 during trading hours on Friday, hitting $13.53. 19,011,400 shares of the stock were exchanged, compared to its average volume of 22,280,000. The stock has a market cap of $71,310.00, a P/E ratio of 10.33, a PEG ratio of 0.97 and a beta of 1.59. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. Vale has a 12-month low of $7.47 and a 12-month high of $13.57.
Vale (NYSE:VALE) last released its earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.15. The firm had revenue of $9.05 billion for the quarter. Vale had a net margin of 26.25% and a return on equity of 21.71%. analysts expect that Vale will post 1.24 EPS for the current fiscal year.
A number of analysts have recently weighed in on the stock. Barclays set a $15.00 target price on shares of Vale and gave the stock a “buy” rating in a research report on Monday. Jefferies Group reaffirmed a “hold” rating on shares of Vale in a research report on Tuesday, October 3rd. Morgan Stanley assumed coverage on shares of Vale in a research report on Monday, September 25th. They issued a “weight” rating on the stock. BidaskClub downgraded shares of Vale from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Royal Bank of Canada set a $11.00 price objective on shares of Vale and gave the company a “hold” rating in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $11.51.
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Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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