Vale S.A. (VALE) will probably climb 21.55 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $20-month high price target. This represents a whopping 41.74 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $17, which represents a return potential of 20.48 percent when compared to the closing price of the stock of $14.11 on Friday, January 11. The lowest price target for the stock is $9.4 — slightly more than -33.38 percent from VALE’s current share price.
The stock is currently hovering around the first support level of $14.03. Below this, the next support is placed in the zone of $13.94. Till the time, the VALE stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 55.74 on daily chart, which may remain a cause for concern. If the price breaks below $13.94 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $14.22 mark may result into a pull-back move towards $14.33 level.
On 11th of January, Vale S.A. (NYSE:VALE) shares ended lower after a volatile session. The shares dropped -0.29 points or -2.01 percent at $14.11 with a light trade volume of 17.441 million shares. After opening the session at $14.22, the shares went as high as $14.25 and as low as $14.055, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $75.6 billion and now has 5.36 billion shares outstanding. Vale S.A. (VALE) stock has gained 8.46 percent of market value in 21 trading days.
VALE stock has a trailing 3-year beta of 1.33, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.81 a share in the trailing twelve months. The stock’s value has surged 6.97 percent year to date (YTD) against a rise of 11.01 percent in 12 month’s time. The company’s shares still trade -12.52 percent away from its 1-year high of $16.13 and 21 percent up from 52-week low of $11.66. The average consensus rating on the company is 2.1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Vale S.A. (VALE) are trading at a P/E ratio of 16.66 times earnings reported for the past 12 months. The industry VALE operates in has an average P/E of 10.53. Its P/E ratio went as low as 7.31X and as high as 146.71 over the 5-year span. Further, it is sporting a 2.21 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.55. 38.4 percent is the gross profit margin for Vale S.A. and operating margin sits at 31 percent. Along with this, the net profit margin is 10.8 percent.
Let’s take a look at some insider activity at Vale S.A. (NYSE:VALE) and see the pattern.