In a report released today, Bob Brackett from Bernstein maintained a Hold rating on Vale SA, with a price target of $12.20. The company’s shares closed yesterday at $11.01.
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According to TipRanks, Brackett is a 4-star analyst with an average return of 13.2% and a 61.75% success rate. Brackett covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Barrick Mining, and Antofagasta.
In addition to Bernstein, Vale SA also received a Hold from Morgan Stanley’s Carlos De Alba in a report issued on October 8. However, on October 10, Barclays maintained a Buy rating on Vale SA (NYSE: VALE).
The company has a one-year high of $11.33 and a one-year low of $8.06. Currently, Vale SA has an average volume of 34.83M.
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