The stock of Vale SA (ADR) (NYSE:VALE) is a huge mover today! About 4.45M shares traded hands. Vale SA (ADR) (NYSE:VALE) has risen 44.39% since March 11, 2016 and is uptrending. It has outperformed by 38.93% the S&P500.
The move comes after 9 months positive chart setup for the $27.58B company. It was reported on Oct, 14 by Barchart.com. We have $8.62 PT which if reached, will make NYSE:VALE worth $14.07 billion more.
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 $338.11 million for 20.39 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. As per Thursday, March 24, the company rating was upgraded by Bank of America. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, October 20. The rating was downgraded by Stifel Nicolaus on Thursday, March 10 to “Hold”. The firm earned “Strong-Buy” rating on Wednesday, September 2 by Vetr. The stock of Vale SA (ADR) (NYSE:VALE) has “Neutral” rating given on Thursday, March 17 by Nomura. Societe Generale downgraded the shares of VALE in a report on Monday, May 9 to “Hold” rating. The company was downgraded on Friday, August 28 by Vetr. As per Wednesday, September 21, the company rating was upgraded by Barclays Capital. BB&T Capital upgraded Vale SA (ADR) (NYSE:VALE) on Monday, May 2 to “Buy” rating. The stock of Vale SA (ADR) (NYSE:VALE) earned “Hold” rating by HSBC on Wednesday, January 20.
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, 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) were released by: Businessfinancenews.com and their article: “Vale SA (ADR): Upstream Tailings Dams Ban Bill; Is it Time to Pack Up?” published on July 08, 2016 as well as Investorplace.com‘s news article titled: “Vale SA (ADR): â€œSteelâ€ Quick Profits in VALE Stock” with publication date: April 26, 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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