Vale S.A. ADR (NYSE:VALE) Has Reached A Distance Of 2.03% From Its Low, So Is It Poised For More Gains?

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In recent trading session, Vale S.A. ADR (NYSE:VALE) saw 6.57 million shares changing hands at last check today with its beta currently measuring 0.96. Company’s recent per share price level of $10.86 trading at $0.16 or 1.50% at last check today assigns it a market valuation of $46.48B. That most recent trading price of VALE’s stock is at a discount of -48.07% from its 52-week high price of $16.08 and is indicating a premium of 2.03% from its 52-week low price of $10.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 24.95 million shares which gives us an average trading volume of 24.50 million if we extend that period to 3-months.

For Vale S.A. ADR (VALE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.68. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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

Upright in the green today for gaining 1.50%, in the last five days VALE remained trading in the red while hitting it’s week-highest on Monday, 07/22/24 when the stock touched $10.86 price level, adding 1.18% to its value on the day. Vale S.A. ADR’s shares saw a change of -31.53% in year-to-date performance and have moved -0.64% in past 5-day. Vale S.A. ADR (NYSE:VALE) showed a performance of -2.51% in past 30-days. Number of shares sold short was 55.01 million shares which calculate 2.17 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 21 to the stock, which implies a rise of 48.29% to its recent value today. Analysts have been projecting 12.7 as a low price target for the stock while placing it at a high target of 26. It follows that stock’s current price would drop -16.94% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.94% for stock’s current value.

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

Statistics highlight that Vale S.A. ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -21.59% of value to its shares in past 6 months, showing an annual growth rate of 19.13% while that of industry is 38.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 6.23% during past 5 years.

VALE Dividends

With an annual yield of 3.58%, the share has a forward dividend of 0.39 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.11%.

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

GOLDMAN SACHS GROUP INC is the top institutional holder at VALE for having 94.45 million shares of worth $1.15 billion. And as of 2024-03-31, it was holding 2.1967 of the company’s outstanding shares.

The second largest institutional holder is CAPITAL INTERNATIONAL INVESTORS, which was holding about 65.43 million shares on 2024-03-31. The number of shares represents firm’s hold over 1.5266 of outstanding shares, having a total worth of $797.55 million.