Vale SA Gets a Hold Rating from Jefferies

By Jason Carr

In a report released today, Chris LaFemina from Jefferies reiterated a Hold rating on Vale SA (NYSE: VALE), with a price target of $13.50. The company’s shares closed yesterday at $14, equals to its 52-week high of $14.

According to, LaFemina is a 3-star analyst with an average return of 1.7% and a 56.5% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Randgold Resources Limited.

Vale SA has an analyst consensus of Moderate Buy, with a price target consensus of $14.

Vale SA’s market cap is currently $68.75B and has a P/E ratio of 13.69. The company has a book value ratio of 1.6208.

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Vale SA engages in the production and exportation 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.