Short Term Price Target on VALE S.A. (VALE)

VALE S.A. (NYSE:VALE) : The most positive equity analysts on VALE S.A. (NYSE:VALE) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $5.37 with an expected fluctuation of $1.88 from the mean.

Shares of Vale S.A. rose by 2.02% in the last five trading days and 25.56% for the last 4 weeks. Vale S.A. is up 17.13% in the last 3-month period. Year-to-Date the stock performance stands at 53.8%. Also, Goldman Sachs initiates coverage on VALE S.A. (NYSE:VALE) . The global brokerage major announces a current price target of $4.4 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on June 9, 2016.

VALE S.A. (NYSE:VALE) : 12 analysts are covering VALE S.A. (NYSE:VALE) and their average rating on the stock is 3, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

VALE S.A. (NYSE:VALE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.00 and $4.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.06, notching a gain of 4.33% for the day. The total traded volume was 32,573,757 . The stock had closed at $4.85 on the previous day.

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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