Vale S.A. ADR (VALE) stock forecast: Can it reach its 52-week high of $15.51

A share price of Vale S.A. ADR [VALE] is currently trading at $10.10, up 1.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VALE shares have lost -2.03% over the last week, with a monthly amount drifted -8.77%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Vale S.A. ADR [NYSE: VALE] stock has seen the most recent analyst activity on July 17, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Exane BNP Paribas upgraded its rating to Neutral on June 21, 2024. On May 07, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $15 on the stock. BofA Securities downgraded its rating to a Neutral. Goldman upgraded its rating to a Buy. BofA Securities upgraded its rating to Buy for this stock on November 20, 2023. In a note dated November 16, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $18 to $17.

Vale S.A. ADR experienced fluctuations in its stock price throughout the past year between $9.66 and $15.51. Currently, Wall Street analysts expect the stock to reach $19.82 within the next 12 months. Vale S.A. ADR [NYSE: VALE] shares were valued at $10.10 at the most recent close of the market. An investor can expect a potential return of 96.24% based on the average VALE price forecast.

Analyzing the VALE fundamentals

Trailing Twelve Months sales for Vale S.A. ADR [NYSE:VALE] were 42.04B which represents 2.88% growth. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.26 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.

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 9.93 points at the first support level, and at 9.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.22, and for the 2nd resistance point, it is at 10.34.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Vale S.A. ADR [NYSE:VALE] is 1.08. In addition, the Quick Ratio stands at 0.73 and the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 1.17 and price to earnings (TTM) ratio is 4.47.

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