The stock of Vale SA (ADR) (NYSE:VALE) is a huge mover today! About 23.86M shares traded hands. Vale SA (ADR) (NYSE:VALE) has risen 36.35% since April 13, 2016 and is uptrending. It has outperformed by 32.42% the S&P500.
The move comes after 8 months negative chart setup for the $37.84B company. It was reported on Nov, 15 by Barchart.com. We have $6.79 PT which if reached, will make NYSE:VALE worth $2.65 billion less.
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 firm has “Hold” rating by Societe Generale given on Monday, May 9. BB&T Capital upgraded Vale SA (ADR) (NYSE:VALE) rating on Monday, May 2. BB&T Capital has “Buy” rating and $10 price target. The firm earned “Buy” rating on Friday, September 4 by Canaccord Genuity. Goldman Sachs initiated the shares of VALE in a report on Thursday, June 9 with “Neutral” rating. The stock has “Neutral” rating given by UBS on Monday, October 19. Cowen & Co maintained the shares of VALE in a report on Friday, November 20 with “Market Perform” rating. On Tuesday, August 9 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The stock of Vale SA (ADR) (NYSE:VALE) earned “Neutral” rating by Citigroup on Tuesday, November 1. The stock of Vale SA (ADR) (NYSE:VALE) has “Buy” rating given on Thursday, March 24 by Bank of America. The stock of Vale SA (ADR) (NYSE:VALE) has “Hold” rating given on Thursday, March 10 by Stifel Nicolaus.
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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