Price Target Update on VALE S.A. (NYSE:VALE)

VALE S.A. (NYSE:VALE) : The consensus price target for VALE S.A. (NYSE:VALE) is $5.27 for the short term with a standard deviation of $1.98. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $10, however, the pessimist price target for the company is $3.

Other Equity analysts have also commented 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.

VALE S.A. (NYSE:VALE): stock turned positive on Thursday. Though the stock opened at $4.87, the bulls momentum made the stock top out at $4.99 level for the day. The stock recorded a low of $4.77 and closed the trading day at $4.96, in the green by 5.76%. The total traded volume for the day was 19,944,714. The stock had closed at $4.69 in the previous days trading.

The company shares have dropped -23.86% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $6.34 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $4.38 and the 200 Day Moving Average price is recorded at $3.79.

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.

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