Vale S.A. ADR [VALE] stock is trading at $12.50, up 5.93%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VALE shares have gain 3.22% over the last week, with a monthly amount drifted -7.34%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Vale Base Metals Finalizes Plans to Reduce Equity Interest in PT Vale Indonesia Tbk. In a post published today on Yahoo Finance, Vale Base Metals (“VBM”) informs that Vale Canada Limited (“VCL”) signed a Definitive Agreement (“Agreement”) with PT Mineral Industri Indonesia (“MIND ID”) and Sumitomo Metal Mining Co., Ltd. (“SMM”) regarding the divestment obligation of PT Vale Indonesia Tbk (“PT Vale”). Under the Agreement, VCL and SMM will divest approximately 14 per cent pro-rata combined equity interest in PT Vale to MIND ID.
From an analyst’s perspective:
Vale S.A. ADR [NYSE: VALE] stock has seen the most recent analyst activity on November 21, 2023, when Goldman upgraded its rating to a Buy. Previously, BofA Securities upgraded its rating to Buy on November 20, 2023. On November 16, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $17 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $16 on October 30, 2023. UBS upgraded its rating to a Neutral. JP Morgan upgraded its rating to Overweight for this stock on September 01, 2023, and upped its price target to $16. In a note dated July 11, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $17.
Vale S.A. ADR [VALE] stock has fluctuated between $11.73 and $16.08 over the past year. Currently, Wall Street analysts expect the stock to reach $20.75 within the next 12 months. Vale S.A. ADR [NYSE: VALE] shares were valued at $12.50 at the most recent close of the market. An investor can expect a potential return of 66.0% based on the average VALE price forecast.
Analyzing the VALE fundamentals
Vale S.A. ADR [NYSE:VALE] reported sales of 41.75B for the trailing twelve months, which represents a growth of 9.05%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.21 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.19 points at the first support level, and at 11.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.69, and for the 2nd resistance point, it is at 12.87.
Vale S.A. ADR [VALE] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.96/share, meaning a difference of -$0.4 and a surprise factor of -41.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.66 per share as compared to estimates of $0.62 per share, a difference of $0.04 representing a surprise of 6.50%.
Ratios To Look Out For
For context, Vale S.A. ADR’s Current Ratio is 1.28. Also, the Quick Ratio is 0.96, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 6.80.
