Vale S.A. ADR (NYSE:VALE) has a beta value of 0.99 and has seen 25.54 million shares traded in the last trading session. The company, currently valued at $52.11B, closed the last trade at $12.12 per share which meant it gained $0.16 on the day or 1.34% during that session. The VALE stock price is -32.67% off its 52-week high price of $16.08 and 1.98% above the 52-week low of $11.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 35.97 million shares traded. The 3-month trading volume is 24.26 million shares.
Vale S.A. ADR (NYSE:VALE) trade information
Sporting 1.34% in the green in last session, the stock has traded in the red over the last five days, when the VALE stock price touched $12.12 or saw a rise of 3.19%. Year-to-date, Vale S.A. ADR shares have moved -23.58%, while the 5-day performance has seen it change -5.53%. Over the past 30 days, the shares of Vale S.A. ADR (NYSE:VALE) have changed -8.39%. Short interest in the company has seen 33.87 million shares shorted with days to cover at 1.44.
Vale S.A. ADR (VALE) estimates and forecasts
Figures show that Vale S.A. ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -14.53% over the past 6 months, with this year growth rate of 42.08%, compared to 40.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 43.90% and 220.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1.40%.
5 analysts offering their estimates for the company have set an average revenue estimate of $9.47 billion for the current quarter. 5 have an estimated revenue figure of $10.36 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $9.21 billion and $9.67 billion respectively for this quarter and the next, and analysts expect sales will grow by 2.80% for the current quarter and 7.10% 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 6.23% over the past 5 years. Earnings growth for 2024 is a modest 35.10% while over the next 5 years, the company’s earnings are expected to decrease by -12.84%.
VALE Dividends
Vale S.A. ADR is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.39 at a share yield of 3.21%. The company’s dividend yield has gone up over the past 12 months.
Vale S.A. ADR (NYSE:VALE)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 18.40% with a share float percentage of 18.41%. Investors are also buoyed by the number of investors in a company, with Vale S.A. ADR having a total of 720 institutions that hold shares in the company. The top two institutional holders are Capital Research Global Investors with over 107.43 million shares worth more than $1.44 billion. As of Jun 29, 2023, Capital Research Global Investors held 2.37% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 81.65 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.1 billion and represent 1.80% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Europacific Growth Fund and Capital World Growth and Income Fund. As of Jun 29, 2023, the former fund manager holds about 0.89% shares in the company for having 40.34 million shares of worth $541.3 million while later fund manager owns 38.24 million shares of worth $512.37 million as of Sep 29, 2023, which makes it owner of about 0.84% of company’s outstanding stock.
