Vale SA Receives a New Rating from Top Analyst

By Austin Angelo

RBC Capital analyst Fraser Phillips reiterated a Hold rating on Vale SA (NYSE: VALE) yesterday and set a price target of $11. The company’s shares opened today at $10.68, close to its 52-week high of $11.70.

According to, Phillips is a top 100 analyst with an average return of 65.3% and a 61.5% success rate. Phillips covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Teck Resources Limited, and Thompson Creek Metals.

Currently, the analyst consensus on Vale SA is Moderate Buy and the average price target is $9, representing a -15.7% downside.

In a report issued on February 27, Credit Suisse also maintained a Hold rating on the stock with a $7 price target.

Vale SA’s market cap is currently $31.41B and has a P/E ratio of 13.55. The company has a book value ratio of 1.2997.

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Vale SA engages in the production and export of iron ore, pellets, manganese, and iron alloys, which are raw materials needed for steelmaking. It operates through the following segments: Ferrous Minerals, Coal, Base Metals, Fertilizers and Others. The Ferrous Minerals segment includes the extraction of iron ore and the production of pellets, manganese ore, iron alloys, and coal, and logistics services. The Coal Segment comprises the extraction of coal and its logistic services. The Base Metals segment involves the production of non-ferrous minerals, which include nickel, copper, and aluminum. The Fertilizers segment is comprised of three major groups of nutrients: potassium, phosphate, and nitrogen. The Others segment encompasses joint ventures and affiliates of other businesses. The company was founded on June 1, 1942 and is headquartered in Rio de Janeiro, Brazil.