Exclusive: What’s Propelling Vale SA (ADR) to Increase So Much?

Exclusive: What's Propelling Vale SA (ADR) to Increase So Much?

The stock of Vale SA (ADR) (NYSE:VALE) is a huge mover today! About 11.84 million shares traded hands. Vale SA (ADR) (NYSE:VALE) has risen 65.42% since April 25, 2016 and is uptrending. It has outperformed by 59.41% the S&P500.
The move comes after 5 months positive chart setup for the $44.78B company. It was reported on Nov, 28 by Barchart.com. We have $9.20 PT which if reached, will make NYSE:VALE worth $2.24B more.

Analysts await Vale SA (ADR) (NYSE:VALE) to report earnings on February, 23. They expect $0.11 EPS, up 155.00% or $0.31 from last year’s $-0.2 per share. VALE’s profit will be $562.53M for 19.95 P/E if the $0.11 EPS becomes a reality. After $0.19 actual EPS reported by Vale SA (ADR) for the previous quarter, Wall Street now forecasts -42.11% negative EPS growth.

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. Vetr downgraded Vale SA (ADR) (NYSE:VALE) on Friday, August 28 to “Strong-Buy” rating. The rating was maintained by Jefferies with “Hold” on Tuesday, August 23. Stifel Nicolaus downgraded the shares of VALE in a report on Thursday, March 10 to “Hold” rating. The firm has “Neutral” rating given on Monday, October 19 by UBS. The stock of Vale SA (ADR) (NYSE:VALE) earned “Outperform” rating by Itau BBA on Thursday, October 20. HSBC upgraded the shares of VALE in a report on Wednesday, October 28 to “Buy” rating. As per Friday, November 20, the company rating was maintained by Cowen & Co. The firm has “Neutral” rating given on Thursday, June 9 by Goldman Sachs. Citigroup upgraded Vale SA (ADR) (NYSE:VALE) rating on Tuesday, November 1. Citigroup has “Neutral” rating and $7.30 price target. The firm earned “Sector Perform” rating on Monday, August 3 by RBC Capital Markets.

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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