The price of Vale S.A. (NYSE:VALE) shares last traded on Wall Street rose 3.43% to $14.16.
Based on available information, 27 analysts follow Vale S.A. (NYSE:VALE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.50 and a low of $12.50, we find $18.15. Given the previous closing price of $13.69, this indicates a potential upside of 32.58 percent. VALE stock price is now -5.93% away from the 50-day moving average and -6.22% away from the 200-day moving average. The market capitalization of the company currently stands at $64.35B.
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Among analysts, 12 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $18.52 as their price target over the next twelve months.
With the price target reduced from $20 to $16, Citigroup Downgraded its rating from Buy to Neutral for Vale S.A. (NYSE: VALE). On February 09, 2023, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $20 to quote $17.50, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
A total of 38.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VALE stock. A new stake in Vale S.A. shares was purchased by TT INTERNATIONAL during the first quarter worth $49,293,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $41,565,000 in shares of VALE during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Vale S.A. valued at approximately $34,691,000. NUVEEN ASSET MANAGEMENT, LLC acquired a new stake in VALE for approximately $32,993,000. CLARK CAPITAL MANAGEMENT GROUP, INC. purchased a new stake in VALE valued at around $21,379,000 in the second quarter. In total, there are 708 active investors with 21.40% ownership of the company’s stock.
A candlestick chart of Vale S.A. (NYSE: VALE) showed a price of $13.94 on Wednesday morning. During the past 12 months, Vale S.A. has had a low of $11.68 and a high of $19.31. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for VALE is $15.01 and a two-hundred day moving average price translates $15.14 for the stock.
The latest earnings results from Vale S.A. (NYSE: VALE) was released for Mar, 2023. The net profit margin was 38.60% and return on equity was 44.40% for VALE. The company reported revenue of $8.43 billion for the quarter, compared to $10.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.99 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/09/2022. Investors who held shares on 08/15/2022 were paid a $0.390742 dividend. On an annualized basis, this represents a $1.09 dividend and a 7.69% percent yield. There was an ex-dividend date of 08/12/2022 for this dividend. In terms of dividend payout ratio, VALE is presently at 107.40%.
Vale S.A.(VALE) Company Profile
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. The Energy Transition Materials segment produces and extracts nickel used to produce stainless steel, electric vehicles, and metal alloys; and its by-products, such as gold, silver, cobalt, precious metals, platinum, and others, as well as copper used in the construction sector to produce pipes and electrical wires. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.
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