Price Action Don’t Lie: What’s in Vale SA (ADR) After Achieving 52-Week High?

Price Action Don't Lie: What's in Vale SA (ADR) After Achieving 52 Week High?

The stock of Vale SA (ADR) (NYSE:VALE) hit a new 52-week high and has $9.22 target or 6.00% above today’s $8.70 share price. The 8 months bullish chart indicates low risk for the $44.47B company. The 1-year high was reported on Nov, 28 by If the $9.22 price target is reached, the company will be worth $2.67 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5.57M 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.

Analysts await Vale SA (ADR) (NYSE:VALE) to report earnings on February, 23. They expect $0.11 earnings per share, up 155.00% or $0.31 from last year’s $-0.2 per share. VALE’s profit will be $562.26 million for 19.77 P/E if the $0.11 EPS becomes a reality. After $0.19 actual earnings per share 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. $10 is the highest target while $2.50 is the lowest. The $5.69 average target is -34.60% below today’s ($8.7) stock price. Vale S.A. has been the topic of 37 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Vetr upgraded the shares of VALE in a report on Wednesday, September 2 to “Strong-Buy” rating. RBC Capital Markets maintained Vale SA (ADR) (NYSE:VALE) rating on Friday, May 6. RBC Capital Markets has “Sector Perform” rating and $5.50 price target. As per Thursday, March 24, the company rating was upgraded by Bank of America. RBC Capital Markets maintained the shares of VALE in a report on Monday, August 3 with “Sector Perform” rating. The rating was upgraded by HSBC to “Buy” on Wednesday, October 28. The firm earned “Sell” rating on Thursday, April 14 by CLSA. The firm earned “Buy” rating on Monday, May 2 by BB&T Capital. The stock has “Outperform” rating given by Itau BBA on Thursday, October 20. Jefferies maintained Vale SA (ADR) (NYSE:VALE) on Tuesday, August 23 with “Hold” rating. Societe Generale downgraded the shares of VALE in a report on Monday, May 9 to “Hold” rating.

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 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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