Vale SA (VALE) Receives a Hold from RBC Capital

RBC Capital analyst Marina Calero reiterated a Hold rating on Vale SA today and set a price target of $15.50.

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According to TipRanks, Calero is a 5-star analyst with an average return of 30.8% and a 64.71% success rate. Calero covers the Basic Materials sector, focusing on stocks such as Vale SA, Hochschild Mining, and FRESNILLO.

In addition to RBC Capital, Vale SA also received a Hold from Wells Fargo’s Timna Tanners in a report issued today. However, on April 13, BMO Capital maintained a Buy rating on Vale SA (NYSE: VALE).

Based on Vale SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $11.06 billion and a GAAP net loss of $3.9 billion. In comparison, last year the company earned a revenue of $9.6 billion and had a GAAP net loss of $756.23 million

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VALE in relation to earlier this year. Earlier this month, Sami Arap Sobrinho, the Executive VP Legal Officer of VALE bought 12,990.00 shares for a total of $209,268.90.