Vetr Inc. upgraded Vale SA (ADR) (NASDAQ:VALE) to Buy in a report released today.
- Updated: October 15, 2016
Yesterday Vale SA (ADR) (NASDAQ:VALE) traded 0.90% higher at $5.58. VALE’s 50-day average is $5.45 and its two hundred day average is $5.10. The last closing price is up 9.35% relative to the two hundred day average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 29,115,120 shares of VALE changing hands over the typical 23,907,400
Vetr Inc. has upgraded Vale SA (ADR) (NASDAQ:VALE) to Buy in a statement released on 10/15/2016.
Previously on 9/21/2016, Barclays PLC released a statement on Vale SA (ADR) (NASDAQ:VALE) upped the target price from $0.00 to $5.11. At the time, this indicated a possible upside of 0%.
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Vale SA (ADR) has a with a 52 week low of $2.13 and a 52 week high of $6.26 Vale SA (ADR)’s market capitalization is presently $0.
In addition to Vetr Inc. reporting its target price, a total of 5 brokers have issued a research note on the stock. The consensus target price is $4.03 with one equity analyst rating the company a strong buy, zero analysts rating the company a buy, 2 brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally 1 analyst rating the company a sell.
General Company Details For Vale SA (ADR) (NASDAQ: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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