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Vetr Inc. recorded Vale SA (ADR) (NYSE:VALE), raising its target price to $8.23 today

In a report released on 10/18/2016 Vetr Inc. increased the stock price target of Vale SA (ADR) (NYSE:VALE) to $8.23 stating a potential upside of 0.45%.

Previously on 10/12/2016, Vetr Inc. reported about Vale SA (ADR) (NYSE:VALE) bumped up the target price from $0.00 to $6.06. At the time, this indicated a possible upside of 0.04%.

Yesterday Vale SA (ADR) (NYSE:VALE) traded 1.79% higher at $5.68. VALE’s 50-day average is $5.45 and its two hundred day average is $5.13. With the last close up 10.79% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 13,345,235 shares of VALE changing hands under the typical 23,889,800

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Vale SA (ADR) has 52 week low of $2.13 and a one year high of $6.26 and has a total market value of $0.

Also covering Vale SA (ADR)'s target, a total of 5 brokers have issued a report on the company. The average stock price target is $4.03 with one analyst rating the company a strong buy, 0 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, zero equity analysts rating the company a underperform, and lastly one analyst rating the company a sell.

More 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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