The stock of Vale SA (ADR) (NYSE:VALE) is a huge mover today! About 14.70M shares traded hands. Vale SA (ADR) (NYSE:VALE) has risen 61.50% since April 5, 2016 and is uptrending. It has outperformed by 59.54% the S&P500.
The move comes after 7 months positive chart setup for the $36.28 billion company. It was reported on Nov, 7 by Barchart.com. We have $9.39 PT which if reached, will make NYSE:VALE worth $11.61 billion 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. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 28. The stock of Vale SA (ADR) (NYSE:VALE) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, August 9. Jefferies maintained the stock with “Hold” rating in Tuesday, August 23 report. On Wednesday, January 20 the stock rating was downgraded by HSBC to “Hold”. The firm earned “Buy” rating on Tuesday, October 20 by Stifel Nicolaus. Cowen & Co maintained Vale SA (ADR) (NYSE:VALE) on Friday, November 20 with “Market Perform” rating. The stock of Vale SA (ADR) (NYSE:VALE) earned “Hold” rating by Stifel Nicolaus on Thursday, March 10. The stock of Vale SA (ADR) (NYSE:VALE) has “Buy” rating given on Wednesday, October 28 by HSBC. Itau BBA upgraded the shares of VALE in a report on Thursday, October 20 to “Outperform” rating. The stock has “Hold” rating given by Societe Generale on Monday, May 9.
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 news for Vale SA (ADR) (NYSE:VALE) were recently published by: Fool.com, which released: “A Big Weight Has Been Lifted Off of Vale SA (ADR) Stock Today” on March 03, 2016. Investorplace.com‘s article titled: “Vale SA (ADR): Buy the Deep Pullback in VALE Stock” and published on May 10, 2016 is yet another important article.
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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