Vale S.A. (NYSE:VALE) has a beta value of 1.07 and has seen 8,284,964 shares traded in the recent trading session. The company, currently valued at $58.51 Billion, closed the recent trade at $11.35 per share which meant it gained $0.18 on the day or 1.61% during that session. The VALE stock price is -20.44% off its 52-week high price of $13.67 and 42.82% above the 52-week low of $6.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 38.96 Million shares traded. The 3-month trading volume is 29.52 Million shares.
The consensus among analysts is that Vale S.A. (VALE) is a Buy stock at the moment, with a recommendation rating of 1.9. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 21 have rated it as a Hold, with 20 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.57.
Vale S.A. (NYSE:VALE) trade information
Sporting 1.61% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Aug 06 when the VALE stock price touched $11.77- or saw a rise of 3.95%. Year-to-date, Vale S.A. shares have moved -14.39%, while the 5-day performance has seen it change -3.91%. Over the past 30 days, the shares of Vale S.A. (NYSE:VALE) have changed 4.73%. Short interest in the company has seen 42.88 Million shares shorted with days to cover at 1.45.
Wall Street analysts have a consensus price target for the stock at $14.31, which means that the shares’ value could jump 26.08% from current levels. The projected low price target is $12 while the price target rests at a high of $18.4. In that case, then, we find that the current price level is +62.11% off the targeted high while a plunge would see the stock lose 5.73% from current levels.
Vale S.A. (VALE) estimates and forecasts
Figures show that Vale S.A. shares have underperformed across the wider relevant industry. The company’s shares have lost -6.29% over the past 6 months, with this year growth rate of -13.75%, compared to 20.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 58.3% and 566.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -9.6%.
4 analysts offering their estimates for the company have set an average revenue estimate of $10.17 Billion for the current quarter. 4 have an estimated revenue figure of $10.19 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $10.22 Billion and $9.96 Billion respectively for this quarter and the next, and analysts expect sales will grow by -0.5% for the current quarter and 2.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -32.8% over the past 5 years. Earnings growth for 2020 is a modest -126% while over the next 5 years, the company’s earnings are expected to increase by 1.3%.
Vale S.A. is expected to release its next earnings report in Aug, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.69 at a share yield of 6.11%.