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Vale ADR Representing One Ord Shs (VALE) Downgraded by Dahlman Rose
Edited by : AL CIRCLE
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Vale ADR Representing One Ord Shs (NASDAQ: VALE) was downgraded by research analysts at Dahlman Rose from a “buy” rating to a “hold” rating in a report issued on Thursday.
Separately, analysts at HSBC (NYSE: HBC) downgraded shares of Vale ADR Representing One Ord Shs from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, January 10th. Analysts at UBS AG (NYSE: UBS) downgraded shares of Vale ADR Representing One Ord Shs from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 5th. Also, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Vale ADR Representing One Ord Shs in a research note to investors on Wednesday, December 14th.
Vale S.A. is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets. It also produces manganese ore, ferroalloys, bauxite, alumina and kaolin. It also produce aluminum, copper, coal, potash, cobalt, platinum group metals (PGMs) and other products. The Company operates large logistics systems in Brazil, including railroads, maritime terminals and a port, which are integrated with its mining operations. Directly and through affiliates and joint ventures, it has investments in the energy and steel businesses. Its principal nickel mines and processing operations are conducted by its wholly owned subsidiary Vale Inco Limited (Vale Inco), which has mining operations in Canada, Indonesia and New Caledonia. The Company is engaged in bauxite mining, alumina refining, and aluminum metal smelting. In September 2009, Rio Tinto Limited completed the sale of its Corumba iron ore mine in Brazil and the associated river logistics operations to Vale S.A.
Vale ADR Representing One Ord Shs opened at 25.04 on Thursday. Vale ADR Representing One Ord Shs has a 1-year low of $20.46 and a 1-year high of $36.29. The stock has a 50-day moving average of $22.58 and a 200-day moving average of $25.60. The company has a market cap of $128.7 billion and a price-to-earnings ratio of 5.87.
Separately, analysts at HSBC (NYSE: HBC) downgraded shares of Vale ADR Representing One Ord Shs from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, January 10th. Analysts at UBS AG (NYSE: UBS) downgraded shares of Vale ADR Representing One Ord Shs from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 5th. Also, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Vale ADR Representing One Ord Shs in a research note to investors on Wednesday, December 14th.
Vale S.A. is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets. It also produces manganese ore, ferroalloys, bauxite, alumina and kaolin. It also produce aluminum, copper, coal, potash, cobalt, platinum group metals (PGMs) and other products. The Company operates large logistics systems in Brazil, including railroads, maritime terminals and a port, which are integrated with its mining operations. Directly and through affiliates and joint ventures, it has investments in the energy and steel businesses. Its principal nickel mines and processing operations are conducted by its wholly owned subsidiary Vale Inco Limited (Vale Inco), which has mining operations in Canada, Indonesia and New Caledonia. The Company is engaged in bauxite mining, alumina refining, and aluminum metal smelting. In September 2009, Rio Tinto Limited completed the sale of its Corumba iron ore mine in Brazil and the associated river logistics operations to Vale S.A.
Vale ADR Representing One Ord Shs opened at 25.04 on Thursday. Vale ADR Representing One Ord Shs has a 1-year low of $20.46 and a 1-year high of $36.29. The stock has a 50-day moving average of $22.58 and a 200-day moving average of $25.60. The company has a market cap of $128.7 billion and a price-to-earnings ratio of 5.87.
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