Vale S.A. ADR (NYSE:VALE)’s traded shares stood at 2.59 million during the latest session, with the company’s beta value hitting 0.94. At the last check today, the stock’s price was $10.43, to imply an increase of 0.14% or $0.02 in intraday trading. The VALE share’s 52-week high remains $15.50, putting it -48.61% down since that peak but still an impressive 7.38% since price per share fell to its 52-week low of $9.66. The company has a valuation of $44.52B, with an average of 25.35 million shares in intraday trading volume over the past 10 days and average of 29.96 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Vale S.A. ADR (VALE), translating to a mean rating of 1.73. Of 11 analyst(s) looking at the stock, 0 analyst(s) give VALE a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.46.
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Vale S.A. ADR (NYSE:VALE) trade information
After registering a 0.14% upside in the latest session, Vale S.A. ADR (VALE) has traded red over the past five days. The 5-day price performance for the stock is -2.93%, and -6.59% over 30 days. With these gigs, the year-to-date price performance is -31.83%. Short interest in Vale S.A. ADR (NYSE:VALE) saw shorts transact 90.41 million shares and set a 2.84 days time to cover.
The extremes give us $12.7 and $24 for target low and target high price respectively. As such, VALE has been trading -130.11% off suggested target high and -21.76% from its likely low.
Vale S.A. ADR (VALE) estimates and forecasts
Looking at statistics comparing Vale S.A. ADR share performance against respective industry, we note that the company has underperformed competitors. Vale S.A. ADR (VALE) shares are -10.35% down over the last 6 months, with its year-to-date growth rate lower than industry average at 11.48% against 15.20%. Revenue is forecast to shrink -30.30% this quarter before falling -1.80% for the next one. The rating firms project that company’s revenue will shrink -6.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 9.66B. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 11.08B.Earnings reports from the last fiscal year show that sales brought in 10.93B and 13.05B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -11.60% before dropping -15.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 6.23% for the past 5-year period. While 2024 is set for a 6.72% return in earnings, projections for the next 5 years are at 1.76% annually.
VALE Dividends
Vale S.A. ADR has its next earnings report out on 2024-Oct-24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Vale S.A. ADR has a forward dividend ratio of 0.83, with the share yield ticking at 7.97% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.11%.
Vale S.A. ADR (NYSE:VALE)’s Major holders
The next major institution holding the largest number of shares is CAPITAL INTERNATIONAL INVESTORS with 34.7 million shares, or about 0.8096% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $387.58 million.
We also have Fidelity Series Emerging Markets Opportunities Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd as the top two Mutual Funds with the largest holdings of the Vale S.A. ADR (VALE) shares. Going by data provided on Aug 31, 2024, Fidelity Series Emerging Markets Opportunities Fund holds roughly 17.82 shares. This is just over 0.39% of the total shares, with a market valuation of $185.4 million. Data from the same date shows that the other fund manager holds a little less at 15.05, or 0.33% of the shares, all valued at about 156.58 million.
