Barclays (LON:BARC) analyst Amos Fletcher maintained a Buy rating on Vale SA (NYSE:VALE) on Tuesday, setting a price target of $17.5, which is approximately 47.80% above the present share price of $11.84.
Fletcher expects Vale SA to post earnings per share (EPS) of $0.19 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Vale SA, with an average price target of $16.17.
The analysts price targets range from a high of $19 to a low of $13.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $7.52 billion and a net profit of $2.62 billion. The company's market cap is $60.28 billion.
According to TipRanks.com, Barclays analyst Amos Fletcher is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.4% and a 50.00% success rate.
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 and Base Metals. 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 aluminium. The company was founded on June 1, 1942 and is headquartered in Rio de Janeiro, Brazil.