A statement released earlier today by Vetr Inc. about Vale SA (ADR) (NYSE:VALE) bumps the target price to $6.06
- Updated: October 12, 2016
Stating a potential upside of 0.04%, Vetr Inc. upped the price target of Vale SA (ADR) (NYSE:VALE) to $6.06
On 10/04/2016, Vetr Inc. released a statement on Vale SA (ADR) (NYSE:VALE) upped the target price from $0.00 to $5.84 that suggested an upside of 0.03%.
Having a price of $5.83, Vale SA (ADR) (NYSE:VALE) traded 0.69% higher on the day. With the last close up 14.35% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Vale SA (ADR) has recorded a 50-day average of $5.45 and a two hundred day average of $5.09. Trade Volume was up over the average, with 24,206,242 shares of VALE changing hands over the typical 23,650,200
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Vale SA (ADR) has a 52 week low of $2.13 and a 52 week high of $6.26 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 5 firms have issued a report on the stock. The consensus target price is $4.03 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
General Information About Vale SA (ADR) (NYSE:VALE)
Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company's segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services. Its Coal segment consists of the extraction of coal and its logistic services. Its Base metals segment includes the production and extraction of non-ferrous minerals, and is presented as nickel and its by-products (ferro-nickel, copper, precious metals and others) and copper. Its Fertilizers segment includes the production of the three major groups of nutrients and other fertilizers products. Its Others segment consists of sales and expenses of other products, services and investments in joint ventures and associate in other businesses.
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