Vale S.A. ADR (NYSE: VALE)’s Stock Market Position Could Improve In The Coming Months


In the last trading session, 28.23 million shares of the Vale S.A. ADR (NYSE:VALE) were traded, and its beta was 0.98. Most recently the company’s share price was $12.19, and it changed around $0.02 or 0.16% from the last close, which brings the market valuation of the company to $52.42B. VALE currently trades at a discount to its 52-week high of $16.08, offering almost -31.91% off that amount. The share price’s 52-week low was $11.88, which indicates that the current value has risen by an impressive 2.54% since then. We note from Vale S.A. ADR’s average daily trading volume that its 10-day average is 20.77 million shares, with the 3-month average coming to 24.50 million.

Vale S.A. ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.75. If we narrow it down even further, the data shows that 1 out of 22 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 6 recommended VALE as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Vale S.A. ADR is expected to report earnings per share of $0.57 for the current quarter.

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

Instantly VALE has showed a green trend with a performance of 0.16% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -23.14% year-to-date, but still down -1.53% over the last five days. On the other hand, Vale S.A. ADR (NYSE:VALE) is -8.83% down in the 30-day period. We can see from the shorts that 33.87 million shares have been sold at a short interest cover period of 1.22 day(s).

The consensus price target as assigned by Wall Street analysts is $20.75, which translates to bulls needing to increase their stock price by 41.25% from its current value. Analyst projections state that VALE is forecast to be at a low of $15 and a high of $26.

Vale S.A. ADR (VALE) estimates and forecasts

Vale S.A. ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.23 percent over the past six months and at a 42.62% annual growth rate that is well above the industry average of 40.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 39.00% in revenue this quarter, and will report an increase of 205.00% in the next quarter. The year-over-year growth rate is expected to be 1.40%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $9.49 billion in revenue for the current quarter. 5 analysts expect Vale S.A. ADR to make $10.38 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $9.21 billion and $9.67 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.10%. Forecasts for the next quarter put sales growth at 7.30%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.23%. Vale S.A. ADR earnings are expected to increase by 34.19% in 2024, but the outlook is negative -12.84% per year for the next five years.

VALE Dividends

Vale S.A. ADR’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 3.19 percent and its annual dividend per share was 0.39. It is important to note, however, that the 3.19% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Vale S.A. ADR (NYSE:VALE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of Vale S.A. ADR shares, and 18.42% of them are in the hands of institutional investors. The stock currently has a share float of 18.42%. Vale S.A. ADR stock is held by 723 institutions, with Capital Research Global Investors being the largest institutional investor. By Jun 29, 2023, it held 2.37% of the shares, which is about 107.43 million shares worth $1.44 billion.

Capital World Investors, with 1.80% or 81.65 million shares worth $1.1 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Europacific Growth Fund and Capital World Growth and Income Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 40.34 million shares worth $541.3 million, making up 0.89% of all outstanding shares. On the other hand, Capital World Growth and Income Fund held roughly 38.24 million shares worth around $512.37 million, which represents about 0.84% of the total shares outstanding.