With over 15.06 million Vale S.A. ADR (VALE) shares trading Friday and a closing price of $15.74 on the day, the dollar volume was approximately $237.09 million. The shares have shown a positive half year performance of 18.74% and its price on 12/22/23 lost nearly -0.19%. Currently, there are 4.48B common shares owned by the public and among those 4.30B 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: 23 analysts who have offered their price forecasts for VALE have a consensus price objective of $87.50. The analysts have set the share’s price value over the next 12 months at a high of $95.00 and a low of $73.00. The average price target is 10.26% above its recent price level and an upside to the estimated low will see the stock gain 78.44% over that period. But an upside of 83.43% will see the stock hit the forecast high price target while median target price for the stock is $91.00.
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Shares of Vale S.A. ADR (NYSE: VALE) opened at $15.92, up $0.15 from a prior closing price of $15.77. The company’s stock has a 5-day price change of 5.21% and 18.63% over the past three months. VALE shares are trading -3.51% year to date (YTD), with the 12-month market performance down to -1.30% lower. It has a 12-month low price of $12.03 and touched a high of $18.56 over the same period. VALE has an average intraday trading volume of 21.38 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 5.01%, 9.98%, and 14.23% respectively.
Institutional ownership of Vale S.A. ADR (NYSE: VALE) shares accounts for 17.49% of the company’s 4.48B shares outstanding.
It has a market capitalization of $67.73B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 7.48, while the earnings-per-share (ttm) stands at $2.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.31% over the week and 1.56% over the month.
Analysts forecast that Vale S.A. ADR (VALE) will achieve an EPS of $0.8 for the current quarter, $0.57 for the next quarter and $2.49 for 2024. The lowest estimate earnings-per-share for the quarter is $0.66 while analysts give the company a high EPS estimate of $0.94. Comparatively, EPS for the current quarter was $0.82 a year ago. Earnings per share for the fiscal year are expected to decrease by -45.51%, and 15.99% over the next financial year. EPS should shrink at an annualized rate of -12.46% over the next five years, compared to 30.41% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 23 brokerage firm advisors rate Vale S.A. ADR (VALE) as a “Strong Buy” at a consensus score of 1.78. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 6 of the 23 advise that investors “hold,” and 1 rated it as a “Sell.”
