Analyst Rating Update on VALE S.A. (VALE)

VALE S.A. (VALE) : The consensus on VALE S.A. (VALE) based on 10 analyst recommendation on the company stock is 3.2, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

VALE S.A. (VALE) : The highest short term price target forecast on VALE S.A. (VALE) is $7 and the lowest target price is $3. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $4.88 with a standard deviation of $1.3.

Company shares have received an average consensus rating of Hold for the current week Also, Goldman Sachs initiates coverage on VALE S.A. (NYSE:VALE) The current rating of the shares is Neutral. Equity Analysts at the Firm announces the price target to $4.4 per share. The rating by the firm was issued on June 9, 2016.


VALE S.A. (NYSE:VALE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.44 and $5.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.79, notching a gain of 4.51% for the day. The total traded volume was 35,991,582 . The stock had closed at $5.54 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.