In today’s recent session, 4.49 million shares of the Vale S.A. ADR (NYSE:VALE) have been traded, and its beta is 0.91. Most recently the company’s share price was $9.84, and it changed around -$0.01 or -0.10% from the last close, which brings the market valuation of the company to $42.01B. VALE at last check was trading at a discount to its 52-week high of $15.50, offering almost -57.52% off that amount. The share price’s 52-week low was $9.33, which indicates that the recent value has risen by an impressive 5.18% since then. We note from Vale S.A. ADR’s average daily trading volume that its 10-day average is 30.67 million shares, with the 3-month average coming to 30.83 million.
Vale S.A. ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.92. If we narrow it down even further, the data shows that 1 out of 25 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 8 recommended VALE as a Hold, whereas 8 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 been showing red trend so far today with a performance of -0.10% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.95 on recent trading dayincreased the stock’s daily price by 1.11%. The company’s shares are currently down -35.65% year-to-date, but still up 1.66% over the last five days. On the other hand, Vale S.A. ADR (NYSE:VALE) is -7.08% down in the 30-day period. We can see from the shorts that 71.94 million shares have been sold at a short interest cover period of 2.34 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to increase their stock price by 29.71% from its current value. Analyst projections state that VALE is forecast to be at a low of $11.5 and a high of $16.
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 -10.32 percent over the past six months and at a 19.67% annual growth rate that is well above the industry average of 7.20%. The year-over-year growth rate is expected to be -7.21%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 10.81B in revenue for the current quarter. 2 analysts expect Vale S.A. ADR to make 8.06B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.05B and 8.46B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.16%. Forecasts for the next quarter put sales growth at -4.70%.
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 9.79% in 2024, but the outlook is positive 5.77% per year for the next five years.
VALE Dividends
Vale S.A. ADR’s next quarterly earnings report is expected to be released in January. The average dividend yield for the past five years averaged 7.82 per year.
Vale S.A. ADR (NYSE:VALE)’s Major holders
CAPITAL INTERNATIONAL INVESTORS, with 0.8096% or 34.7 million shares worth $387.58 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
