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Enter Symbol:
 
VALE S.A. (VALE) [hlAlert]

Rating:
Buy VALE
down 81.04 %

VALE S.A. (VALE) rated Buy by HSBC Securities

Posted on: Wednesday,  Oct 28, 2015  10:25 AM ET by HSBC Securities

HSBC Securities rated Buy VALE S.A. (NYSE: VALE) on 10/28/2015. Previously HSBC Securities rated Overweight VALE S.A. (NYSE: VALE) on 05/26/2010.,
when the stock price was $26.38. Since then, VALE S.A. has lost 81.05% as of 10/28/2015's recent price of $5.00.
If you would have followed the previous HSBC Securities's recommendation on VALE, you would have lost 81.04% of your investment in 1981 days.

Vale S.A., formerly Companhia Vale do Rio Doce, is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets. It also produces manganese ore, ferroalloys and kaolin. It also produces bauxite, alumina, aluminum, copper, coal, cobalt, precious metals, potash and other products. The Company operates logistics systems in Brazil, including railroads, maritime terminals and a port, which are integrated with its mining operations. Directly and through affiliates and joint ventures, it has investments in the energy and steel businesses. Its principal nickel mines and processing operations are conducted by its wholly owned subsidiary Vale Inco Limited (Vale Inco), which has mining operations in Canada and Indonesia. It owns and operates, or has interests in, nickel refining facilities in the United Kingdom, Japan, Taiwan, South Korea and China. In March 2009, the Company sold its stake in Usinas Siderurgicas de Minas Gerais SA.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/28/2015 10:25 AM Buy
None
4.30
as of 8/27/2015
1 Week up  0.20 %
1 Month down  -22.36 %
3 Months down  -29.87 %
1 YTD down  -67.21 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/26/2010 9:25 AM Buy
None
26.38 34.00
8/25/2009 8:25 AM Sell
None
20.78

(*) Stock Price at the time of the recommendation.
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