VALE S.A. (VALE) : The consensus on VALE S.A. (VALE) based on 11 analyst recommendation on the company stock is 2.82, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
VALE S.A. (VALE) : 9 Wall Street analysts covering VALE S.A. (VALE) believe that the average level the stock could reach for the short term is $5.69. The maximum price target given is $7 and the minimum target for short term is around $4, hence the standard deviation is calculated at $1.07.
Also, In a research note released to the investors, Jefferies maintains its rating on VALE S.A. (NYSE:VALE).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies raises the new price target from $5.5 per share to $6 per share. The rating by the firm was issued on August 23, 2016.
VALE S.A. (NYSE:VALE): After opening at $5.01, the stock dipped to an intraday low of $4.9 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.12 and the buying power remained strong till the end. The stock closed at $5.03 for the day, a gain of 0.20% for the day session. The total traded volume was 23,193,799. The stocks close on the previous trading day was $5.02.
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.