The stock of Vale SA (ADR) (NYSE:VALE) is a huge mover today! About 16.08 million shares traded hands. Vale SA (ADR) (NYSE:VALE) has risen 87.07% since February 29, 2016 and is uptrending. It has outperformed by 74.86% the S&P500.
The move comes after 7 months positive chart setup for the $27.80 billion company. It was reported on Oct, 4 by Barchart.com. We have $7.36 PT which if reached, will make NYSE:VALE worth $8.62B more.
Analysts await Vale SA (ADR) (NYSE:VALE) to report earnings on October, 27. They expect $0.07 EPS, up 136.84% or $0.26 from last year’s $-0.19 per share. VALE’s profit will be $346.26M for 20.07 P/E if the $0.07 EPS becomes a reality. After $0.14 actual EPS reported by Vale SA (ADR) for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.
Vale SA (ADR) (NYSE:VALE) Ratings Coverage
Out of 18 analysts covering Vale S.A. (NYSE:VALE), 4 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 22% are positive. Vale S.A. has been the topic of 35 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Thursday, April 14, the company rating was downgraded by CLSA. Vetr upgraded it to “Strong-Buy” rating and $5.81 target price in Wednesday, September 2 report. Bank of America upgraded Vale SA (ADR) (NYSE:VALE) on Thursday, March 24 to “Buy” rating. The firm earned “Buy” rating on Friday, September 4 by Canaccord Genuity. The company was upgraded on Monday, May 2 by BB&T Capital. The firm has “Buy” rating given on Tuesday, October 20 by Stifel Nicolaus. The stock of Vale SA (ADR) (NYSE:VALE) earned “Hold” rating by Stifel Nicolaus on Thursday, March 10. The rating was maintained by Jefferies with “Hold” on Tuesday, August 23. On Wednesday, January 20 the stock rating was downgraded by HSBC to “Hold”. UBS upgraded the shares of VALE in a report on Monday, October 19 to “Neutral” rating.
According to Zacks Investment Research, “Vale SA is a mining company engaged in the mining of iron ore and pellets, nickel, manganese and ferro-alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. It operates logistics systems in Brazil, including railroads, maritime terminals and a port. Vale SA is based in Rio de Janeiro, Brazil.”
More notable recent Vale SA (ADR) (NYSE:VALE) news were published by: Fool.com which released: “A Big Weight Has Been Lifted Off of Vale SA (ADR) Stock Today” on March 03, 2016, also Investorplace.com with their article: “Vale SA (ADR): Buy the Deep Pullback in VALE Stock” published on May 10, 2016, Investorplace.com published: “Vale SA (ADR): â€œSteelâ€ Quick Profits in VALE Stock” on April 26, 2016. More interesting news about Vale SA (ADR) (NYSE:VALE) were released by: Businessfinancenews.com and their article: “Highly Indebted Vale SA (ADR) Gets Guarantee Notes Due 2021” published on June 08, 2016 as well as Businessfinancenews.com‘s news article titled: “Vale SA (ADR): Upstream Tailings Dams Ban Bill; Is it Time to Pack Up?” with publication date: July 08, 2016.
VALE Company Profile
Vale S.A. (Vale), incorporated on January 11, 1943, is a metals and mining company. The Firm is also a producer of iron ore and iron ore pellets, and nickel. The Company’s divisions include Ferrous minerals, Coal, Base metals, Fertilizers and Others. The Firm produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver, cobalt, potash, phosphates and other fertilizer nutrients. The Firm is engaged in greenfield mineral exploration in over six countries. The Firm operates logistics systems in Brazil and other regions of the world, including railroads, maritime terminals and ports, which are integrated with its mining operations. In addition, the Company has a portfolio of maritime freight assets, floating transfer stations and distribution centers to support the distribution of iron ore around the world. Directly and through affiliates and joint ventures, the Company also has investments in energy and steel businesses.
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