Capital Research & Management Co.. recently announced the acquisition of new stake in Vale S.A. (NYSE:VALE). The institutional investor has increased its shareholding in the Basic Materials company by 21.94% to 75.78 million shares with purchase of 13.63 million shares. This fresh investment now brings its stake to 1.43% valued currently at $882.07 million. In addition, Invesco Advisers, Inc. raised its holdings by 8.47 million to 63.15 million shares. And BlackRock Investment Management (.. has lifted its position by 19.72% or 8.0 million shares – to 48.6 million shares.
With over 18.48 million Vale S.A. (VALE) shares trading Monday and a closing price of $11.00 on the day, the dollar volume was approximately $203.23 million. The shares have shown a negative weekly performance of -2.65% and its price on 08/31/20 lost nearly -2.65%. Currently, there are 5.13B common shares owned by the public and among those 4.08B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for VALE have a consensus price objective of $14.81. The analysts have set the share’s price value over the next 12 months at a high of $19.00 and a low of $13.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Vale S.A. stock is 1.90 for the next 12 months. The average price target is 24.19% above its last price level and an upside to the estimated low will see the stock gain 15.38% over that period. But an upside of 42.11% will see the stock hit the forecast high price target while mean target price for the stock is $14.00.
The top 3 mutual fund holders in Vale S.A. are American Funds EuroPacific Growth, Invesco Oppenheimer Developing Ma, and American Funds New Perspective Fu. American Funds EuroPacific Growth owns 103.41 million shares of the company’s stock, all valued at over $1.2 billion. Invesco Oppenheimer Developing Ma bought 7.14 million shares to see its total holdings expand to 55.21 million shares valued at over $642.6 million and representing 1.05% of the shares outstanding. American Funds New Perspective Fu now owns shares totaling to 0.88% of the shares outstanding.
Shares of Vale S.A. (NYSE: VALE) opened at $11.25, down -$0.05 from a prior closing price of $11.30. However, the script later closed the day at $11.00, down -2.65%. The company’s stock has a 5-day price change of -2.65% and 7.21% over the past three months. VALE shares are trading -16.67% year to date (YTD), with the 12-month market performance down to 0.00% lower. It has a 12-month low price of $6.49 and touched a high of $13.67 over the same period. Currently, 18.48 million shares have been traded, compared to an average intraday trading volume of 28.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.81%, -1.13%, and 3.13% respectively.
Institutional ownership of Vale S.A. (NYSE: VALE) shares accounts for 19.00% of the company’s 5.13B shares outstanding. Mutual fund holders own 10.17%, while other institutional holders and individual stakeholders account for 7.97% and — respectively.
It has a market capitalization of $56.15B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 49.55, while the earnings-per-share (ttm) stands at $0.22. The company has a PEG of 38.12 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.87% over the week and 2.71% over the month.
Analysts forecast that Vale S.A. (VALE) will achieve an EPS of $0.63 for the current quarter, $0.59 for the next quarter and $1.93 for 2021. The lowest estimate earnings-per-share for the quarter is $0.35 while analysts give the company a high EPS estimate of $0.84. Comparatively, EPS for the current quarter was $0.36 a year ago. Earnings per share for the fiscal year are expected to decrease by -126.00%, and 31.99% over the next financial year. EPS should grow at an annualized rate of 1.30% over the next five years, compared to -32.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Vale S.A. (VALE) as a “Strong Buy” at a consensus score of 1.90. Specifically, 21 Wall Street analysts polled rate the stock as a buy, while 1 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VALE, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Outperform rating for the stock in a research note on June 05, 2020, with the firm’s price target at. UBS coverage for the Vale S.A. (VALE) stock in a research note released on June 03, 2020 offered a Buy rating with a price target of $12. RBC Capital Mkts was of a view on May 11, 2020 that the stock is Outperform, while BMO Capital Markets gave the stock Outperform rating on April 01, 2020, issuing a price target of. Goldman on their part issued Buy rating on March 31, 2020.