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

VALE S.A. (VALE) : Zacks Investment Research ranks VALE S.A. (VALE) as 1, which is a Strong Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 3, which indicates as a Hold.

VALE S.A. (VALE) : The most positive equity analysts on VALE S.A. (VALE) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $5.37 with an expected fluctuation of $1.88 from the mean.

VALE S.A. (NYSE:VALE): The stock was completely flat for the day, closing at $4.91 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $4.82, the stock touched an intraday high of $4.92 and a low of $4.68. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $4.91. The total trading volume on Wednesday was 18,514,187.

Also, Goldman Sachs initiates coverage on VALE S.A. (NYSE:VALE). The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs announces the current price target of $4.4 per share on VALE S.A.. The rating by the firm was issued on June 9, 2016. The company shares have dropped -7.71% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $6.93 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $4.45 and the 200 Day Moving Average price is recorded at $3.89.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

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