Stocks of Vale S.A. ADR (NYSE:VALE) traded higher last session on Wall Street, up 0.24% to $12.44.
According to the data, Vale S.A. ADR (NYSE:VALE) has 22 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $12.20, we find $17.13. Given the previous closing price of $12.41, this indicates a potential upside of 38.03 percent. VALE stock price is now -5.70% away from the 50-day moving average and -13.63% away from the 200-day moving average. The market capitalization of the company currently stands at $54.03B.
A total of 7 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $16.43 as their price target over the next twelve months.
A total of 0.00% 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. ADR shares was purchased by ENCOMPASS CAPITAL ADVISORS LLC during the first quarter worth $49,760,000. RENAISSANCE TECHNOLOGIES LLC invested $40,743,000 in shares of VALE during the first quarter. In the first quarter, USS INVESTMENT MANAGEMENT LTD acquired a new stake in Vale S.A. ADR valued at approximately $25,110,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in VALE for approximately $15,564,000. KILTEARN PARTNERS LLP purchased a new stake in VALE valued at around $14,621,000 in the second quarter. In total, there are 689 active investors with 17.71% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $12.39 for Vale S.A. ADR (NYSE: VALE). During the past 12 months, Vale S.A. ADR has had a low of $12.06 and a high of $18.75. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.15, and a quick ratio of 0.76. The fifty day moving average price for VALE is $13.18 and a two-hundred day moving average price translates $14.72 for the stock.
The latest earnings results from Vale S.A. ADR (NYSE: VALE) was released for Jun, 2023. According to the Other Industrial Metals & Mining Company, earnings per share came in at $0.2, missing analysts’ expectations of $0.55 by -0.35. This compares to $0.44 EPS in the same period last year. The net profit margin was 27.33% and return on equity was 29.38% for VALE. The company reported revenue of $9.67 billion for the quarter, compared to $11.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.3 percent. For the current quarter, analysts expect VALE to generate $11.07B in revenue.
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 $0.96 dividend and a 7.72% 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 25.73%.
Vale S.A. ADR(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.
