Market Runner: Could Vale SA (ADR) Crash Even More? The Stock Had Another Big Decline Today

Market Runner: Could Vale SA (ADR) Crash Even More? The Stock Had Another Big Decline Today

The stock of Vale SA (ADR) (NYSE:VALE) is a huge mover today! About 5.78M shares traded hands. Vale SA (ADR) (NYSE:VALE) has risen 50.00% since March 10, 2016 and is uptrending. It has outperformed by 42.48% the S&P500.
The move comes after 6 months negative chart setup for the $28.19 billion company. It was reported on Oct, 13 by Barchart.com. We have $5.24 PT which if reached, will make NYSE:VALE worth $1.69B less.

Analysts await Vale SA (ADR) (NYSE:VALE) to report earnings on October, 27. They expect $0.07 earnings per share, up 136.84% or $0.26 from last year’s $-0.19 per share. VALE’s profit will be $354.27 million for 19.89 P/E if the $0.07 EPS becomes a reality. After $0.14 actual earnings per share 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. The rating was upgraded by UBS on Monday, October 19 to “Neutral”. As per Thursday, March 24, the company rating was upgraded by Bank of America. Vetr downgraded Vale SA (ADR) (NYSE:VALE) rating on Friday, August 28. Vetr has “Strong-Buy” rating and $5.28 price target. The company was upgraded on Wednesday, October 28 by HSBC. On Wednesday, January 20 the stock rating was downgraded by HSBC to “Hold”. CLSA downgraded the shares of VALE in a report on Thursday, April 14 to “Sell” rating. The firm earned “Equal-Weight” rating on Wednesday, September 21 by Barclays Capital. The rating was maintained by Canaccord Genuity with “Buy” on Friday, September 4. The stock has “Buy” rating given by BB&T Capital on Monday, May 2. Vetr upgraded Vale SA (ADR) (NYSE:VALE) rating on Wednesday, September 2. Vetr has “Strong-Buy” rating and $5.81 price target.

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 important 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 published article titled: “Vale SA (ADR): Buy the Deep Pullback in VALE Stock”, Businessfinancenews.com published: “Highly Indebted Vale SA (ADR) Gets Guarantee Notes Due 2021” on June 08, 2016. More interesting news about Vale SA (ADR) (NYSE:VALE) was released by: Businessfinancenews.com and their article: “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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