During the recent session, Vale S.A. ADR (NYSE:VALE)’s traded shares were 3.39 million, with the beta value of the company hitting 0.94. At the last check today, the stock’s price was $10.95, reflecting an intraday loss of -0.37% or -$0.04. The 52-week high for the VALE share is $15.50, that puts it down -41.55 from that peak though still a striking 11.78% gain since the share price plummeted to a 52-week low of $9.66. The company’s market capitalization is $46.76B, and the average intraday trading volume over the past 10 days was 37.39 million shares, and the average trade volume was 29.96 million shares over the past three months.
Vale S.A. ADR (VALE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.73. VALE has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 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 0.51.
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Vale S.A. ADR (NYSE:VALE) trade information
Vale S.A. ADR (VALE) registered a -0.37% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.37% in intraday trading to $10.95, hitting a weekly high. The stock’s 5-day price performance is -4.38%, and it has moved by 5.58% in 30 days. Based on these gigs, the overall price performance for the year is -14.23%. The short interest in Vale S.A. ADR (NYSE:VALE) is 90.41 million shares and it means that shorts have 2.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $18.62, which implies an increase of 41.19% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.7 and $26 respectively. As a result, VALE is trading at a discount of -137.44% off the target high and -15.98% off the low.
Vale S.A. ADR (VALE) estimates and forecasts
Statistics show that Vale S.A. ADR has underperformed its competitors in share price, compared to the industry in which it operates. Vale S.A. ADR (VALE) shares have gone down -5.53% during the last six months, with a year-to-date growth rate less than the industry average at 12.57% against 15.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -22.70% this quarter and then drop -1.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 9.93B as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 10.91B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.93B and 13.05B respectively. In this case, analysts expect current quarter sales to shrink by -9.20% and then drop by -16.40% 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 6.23%. While earnings are projected to return 14.58% in 2024.
VALE Dividends
Vale S.A. ADR is due to release its next quarterly earnings on 2024-Oct-24. 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. ADR is 0.83, with the dividend yield indicating at 7.59 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.11%.
Vale S.A. ADR (NYSE:VALE)’s Major holders
The next largest institutional holding, with 34.7 million shares, is of CAPITAL INTERNATIONAL INVESTORS’s that is approximately 0.8096% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $387.58 million.
Also, the Mutual Funds coming in first place with the largest holdings of Vale S.A. ADR (VALE) shares are Fidelity Series Emerging Markets Opportunities Fund and New Perspective Fund Inc. Data provided on Aug 31, 2024 indicates that Fidelity Series Emerging Markets Opportunities Fund owns about 17.82 shares. This amounts to just over 0.39 percent of the company’s overall shares, with a $195.46 million market value. The same data shows that the other fund manager holds slightly less at 15.02, or about 0.33% of the stock, which is worth about $164.79 million.
