VALE S.A. (NYSE:VALE) has climbed 1.13% in the past week and advanced 12.06% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.35% and the outperformance has advanced to 11.04% for the last 4 weeks period.
VALE S.A. (NYSE:VALE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.57 and $4.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.46, notching a gain of 0.90% for the day. The total traded volume was 24,479,943 . The stock had closed at $4.42 on the previous day.
The company shares have dropped -30.20% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $6.61 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $4.45 and the 200 Day Moving Average price is recorded at $3.76.
Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on VALE S.A. (NYSE:VALE).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Goldman Sachs announces the price target of $4.4 per share. The rating by the firm was issued on June 9, 2016. Institutional Investors own 8.6% of VALE S.A. shares.
Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company also produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver, cobalt, potash, phosphates and other fertilizer nutrients. The Company operates through four business segments: Bulk Material, Base metals, Fertilizers and Other. The Bulk Material segment includes the production and extraction of ferrous minerals, and the extraction of coal and its logistic services (railroads, ports and terminals). The Base metals segment produces and extracts non-ferrous minerals. The Fertilizers segment produces three groups of nutrients, such as potash, phosphate and nitrogen. The Other segment includes sales and expenses of other products, services and investments in joint ventures and associate in other businesses.