JP Morgan Reiterates Rating on Vale S.A. $VALE
Key Points
- JP Morgan now rates Vale S.A. ($VALE) "buy" with a $21.00 target.
- The Street's average $VALE price target is $17.32 (Buy).
- $VALE last traded around $15.98.
JP Morgan reiterated its rating on Vale S.A. ($VALE) to a "buy" rating, with a price target of $21.00 in a recent research note.
Vale S.A. ($VALE) Stock
Vale S.A. Earnings
Vale S.A. Dividend
Analysts Set New Price Targets
About Vale S.A.
Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous products, and by-products, including gold, silver, cobalt, platinum-group metals, and other base metals, as well as low-carbon critical minerals. The company also operates logistics systems and distribution centers, such as mining complexes, railways, and maritime terminals, ports, and ships; generates energy from hydroelectric, solar, and wind sources; and engages in greenfield mineral exploration. In addition, it is involved in research; and trading activities. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio De Janeiro, Brazil.
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