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Vale S.A. (NYSE: VALE): A Look At Its Value

During the recent session, Vale S.A. (NYSE:VALE)’s traded shares were 6.39 million, with the beta value of the company hitting 0.89. At the last check today, the stock’s price was $13.34, reflecting an intraday gain of 3.67% or $0.47. The 52-week high for the VALE share is $19.31, that puts it down -44.75 from that peak though still a striking 12.44% gain since the share price plummeted to a 52-week low of $11.68. The company’s market capitalization is $59.40B, and the average intraday trading volume over the past 10 days was 16.97 million shares, and the average trade volume was 23.37 million shares over the past three months.

Vale S.A. (VALE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. VALE has a Sell rating from 1 analyst(s) out of 27 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.62.

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Vale S.A. (NYSE:VALE) trade information

Vale S.A. (VALE) registered a 3.67% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.67% in intraday trading to $13.34 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -3.74%, and it has moved by -6.90% in 30 days. Based on these gigs, the overall price performance for the year is -21.81%. The short interest in Vale S.A. (NYSE:VALE) is 46.76 million shares and it means that shorts have 1.94 day(s) to cover.

The consensus price target of analysts on Wall Street is $17.78, which implies an increase of 24.97% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.50 and $23.00 respectively. As a result, VALE is trading at a discount of -72.41% off the target high and 6.3% off the low.

Vale S.A. (VALE) estimates and forecasts

Statistics show that Vale S.A. has outperformed its competitors in share price, compared to the industry in which it operates. Vale S.A. (VALE) shares have gone down -11.46% during the last six months, with a year-to-date growth rate more than the industry average at -26.32% against -30.80. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -53.00% this quarter and then drop -31.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -3.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $10.12 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $10.95 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $11.16 billion and $10.15 billion respectively. In this case, analysts expect current quarter sales to shrink by -9.30% and then jump by 7.90% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.60%. While earnings are projected to return -30.50% in 2023, the next five years will return -11.55% per annum.

VALE Dividends

Vale S.A. is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Vale S.A. is 1.09, with the dividend yield indicating at 8.46 percent, continuing the trend of increasing dividends in recent years.

Vale S.A. (NYSE:VALE)’s Major holders

Vale S.A. insiders own 0.01% of total outstanding shares while institutional holders control 21.38%, with the float percentage being 21.38%. Capital Research Global Investors is the largest shareholder of the company, while 708 institutions own stock in it. As of Mar 30, 2023, the company held over 118.68 million shares (or 2.61% of all shares), a total value of $1.58 billion in shares.

The next largest institutional holding, with 102.35 million shares, is of Capital World Investors’s that is approximately 2.25% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $1.36 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Vale S.A. (VALE) shares are Europacific Growth Fund and Growth Fund Of America Inc. Data provided on Mar 30, 2023 indicates that Europacific Growth Fund owns about 57.45 million shares. This amounts to just over 1.27 percent of the company’s overall shares, with a $763.1 million market value. The same data shows that the other fund manager holds slightly less at 49.03 million, or about 1.08% of the stock, which is worth about $651.27 million.

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