Vale (VALE) Earning Somewhat Favorable Media Coverage, Report Finds
Headlines about Vale (NYSE:VALE) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vale earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.0765592136777 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- SA Best pushes for $5 million to trial treatments for rare cancer patients (couriermail.com.au)
- Vale Deleveraging Rapidly While Capex Lifted On Cyclical Pressures – Seeking Alpha (seekingalpha.com)
- Haselgrove Wines in McLaren Vale is turning losses around in China exports (adelaidenow.com.au)
- Vale SA (VALE) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Turnbull confident, Shorten hesitant in SA (dailymail.co.uk)
Vale (NYSE:VALE) opened at $12.90 on Wednesday. The company has a market capitalization of $67,829.48, a P/E ratio of 12.17 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.45 and a quick ratio of 1.15. Vale has a 12-month low of $7.47 and a 12-month high of $14.67.
Several equities research analysts recently commented on VALE shares. Barclays set a $15.00 target price on Vale and gave the company a “buy” rating in a report on Monday, January 8th. Morgan Stanley upgraded Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Monday, November 27th. Credit Suisse Group restated a “buy” rating and set a $16.00 price objective on shares of Vale in a report on Friday, March 2nd. Macquarie upgraded Vale from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research upgraded Vale from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a report on Monday, February 19th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.18.
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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