In the latest trading session, 4.96 million Vale S.A. ADR (NYSE:VALE) shares changed hands as the company’s beta touched 0.91. With the company’s most recent per share price at $9.57 changed hands at -$0.11 or -1.08% at last look, the market valuation stands at $40.88B. VALE’s current price is a discount, trading about -61.96% off its 52-week high of $15.50. The share price had its 52-week low at $9.64, which suggests the last value was -0.73% down since then. When we look at Vale S.A. ADR’s average trading volume, we note the 10-day average is 24.68 million shares, with the 3-month average coming to 30.04 million.
Analysts gave the Vale S.A. ADR (VALE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.84. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended VALE as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Vale S.A. ADR’s EPS for the current quarter is expected to be 0.57.
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Vale S.A. ADR (NYSE:VALE) trade information
Instantly VALE was in red as seen in intraday trades today. With action -3.28%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -37.39%, with the 5-day performance at -3.28% in the red. However, in the 30-day time frame, Vale S.A. ADR (NYSE:VALE) is -11.18% down. Looking at the short shares, we see there were 71.94 million shares sold at short interest cover period of 2.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 31.64% from its recent market value. According to analyst projections, VALE’s forecast low is 11.5 with 16 as the target high. To hit the forecast high, the stock’s price needs a -67.19% plunge from its current level, while the stock would need to soar -20.17% for it to hit the projected low.
Vale S.A. ADR (VALE) estimates and forecasts
Data shows that the Vale S.A. ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -12.97% over the past 6 months, a 16.39% in annual growth rate that is considerably higher than the industry average of 8.00%. Year-over-year growth is forecast to reach -7.25% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 10.84B. 2 analysts are of the opinion that Vale S.A. ADR’s revenue for the current quarter will be 8.37B. The company’s revenue for the corresponding quarters a year ago was 13.05B and 8.46B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.96%. The estimates for the next quarter sales put growth at -1.08%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.23%. The 2024 estimates are for Vale S.A. ADR earnings to increase by 8.94%, but the outlook for the next 5-year period is at 5.77% per year.
VALE Dividends
Vale S.A. ADR is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 7.82 per year.
Vale S.A. ADR (NYSE:VALE)’s Major holders
CAPITAL INTERNATIONAL INVESTORS holds the second largest percentage of outstanding shares, with 0.8096% or 34.7 million shares worth $387.58 million as of 2024-06-30.
