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Stock impact report

Wells Fargo Lifts PT on Vale S.A. (VALE) to $12 From $11, Sets an Equal Weight Rating [Yahoo! Finance]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: vale.com/en/investors/pages/default.aspx
Company Research Source: Yahoo! Finance
Fargo lifted its price target on Vale S.A. (NYSE:VALE) to $12 from $11 and set an Equal Weight rating on the shares. Is Vale S.A. (VALE) the Worst Performing Large Cap Stock to Buy According to Analysts? The firm cited the improving performance in the Base Metals segment, especially supported by precious metal byproduct credits. While it is adopting a cautious stance on the conditions of the iron ore market, Wells Fargo believes that Vale S.A. (NYSE:VALE) has maintained a lid on costs. Vale S.A. (NYSE:VALE) reported its fiscal Q3 results on October 30, reporting a robust sales performance across all its business segments. Copper, iron ore, and nickel sales rose 20%, 5%, and 6% year-over-year, respectively, attributed to solid operational performance. Pro forma EBITDA for the quarter reached $4.4 billion, reflecting a 17% year-over-year and 28% quarter-over-quarter growth. This positive trend was attributed to cost efficiencies, higher volumes, and higher iron ore, copper, and Show less Read more
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