Stock Buzzer: Does Vale SA (ADR) Have Any Gas After Today’s Significant Increase?

Stock Buzzer: Does Vale SA (ADR) Have Any Gas After Today's Significant Increase?

The stock of Vale SA (ADR) (NYSE:VALE) is a huge mover today! About 42.24M shares traded hands or 21.98% up from the average. Vale SA (ADR) (NYSE:VALE) has risen 26.19% since April 20, 2016 and is uptrending. It has outperformed by 21.64% the S&P500.
The move comes after 9 months positive chart setup for the $44.05B company. It was reported on Nov, 22 by Barchart.com. We have $9.00 PT which if reached, will make NYSE:VALE worth $3.96B more.

Vale SA (ADR) (NYSE:VALE) Ratings Coverage

Out of 20 analysts covering Vale S.A. (NYSE:VALE), 5 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 25% are positive. Vale S.A. has been the topic of 37 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Jefferies maintained it with “Hold” rating and $6 target price in Tuesday, August 23 report. Morgan Stanley upgraded the shares of VALE in a report on Tuesday, August 9 to “Equal-Weight” rating. The company was downgraded on Thursday, March 17 by Nomura. UBS upgraded the stock to “Neutral” rating in Monday, October 19 report. HSBC downgraded Vale SA (ADR) (NYSE:VALE) on Wednesday, January 20 to “Hold” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, August 3. The stock of Vale SA (ADR) (NYSE:VALE) has “Neutral” rating given on Thursday, June 9 by Goldman Sachs. CLSA downgraded Vale SA (ADR) (NYSE:VALE) on Thursday, April 14 to “Sell” rating. The firm earned “Hold” rating on Thursday, March 10 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, October 28 by HSBC.

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.”

Another recent and important Vale SA (ADR) (NYSE:VALE) news was published by Fool.com which published an article titled: “A Big Weight Has Been Lifted Off of Vale SA (ADR) Stock Today” on March 03, 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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