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 $5.33 with a standard deviation of $1.43.
VALE S.A. (VALE) has an average broker rating of 3, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, Jefferies maintains its view on VALE S.A. (NYSE:VALE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $5.5 per share to $6 per share on VALE S.A.. The rating by the firm was issued on August 23, 2016.
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 $5.29 and $5.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.39, notching a gain of 2.28% for the day. The total traded volume was 19,249,803 . The stock had closed at $5.27 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.