The trading price of Vale S.A. (NYSE:VALE) floating lower at last check on Wednesday, Jan 13, closing at $18.71, -3.05% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $18.02 and $18.50. The company’s P/E ratio in the trailing 12-month period was 33.53, while its 5Y monthly beta was 1.08. In examining the 52-week price action we see that the stock hit a 52-week high of $19 and a 52-week low of $6.38. Over the past month, the stock has gained 10.06% in value.

Vale S.A., whose market valuation is $98.83 Billion at the time of this writing. The dividend yield on the company stock is 3.69, while its Forward Dividend ratio is 0.69. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.89 per share this quarter, however they have predicted annual earnings per share of $1.89 for 2021 and $2.81 for 2022. It means analysts are expecting annual earnings per share growth of 0.69% this year and 0.49% next year.

Analysts have forecast the company to bring in revenue of $12.41 Billion for the quarter, with the likely lows of $11.43 Billion and highs of $13.27 Billion. The average estimate suggests sales will likely up by 24.6% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $38.02 Billion. The company’s revenue is forecast to grow by +1.2% over what it did in 2020.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Vale S.A. 2 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest VALE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned VALE a recommendation rating is 22. Out of them, 1 rate it a Hold, while 20 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Vale S.A. (VALE) as Underperform, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 25.79, which symbolizes a positive outlook. A quick review shows that VALE’s price is currently 4.29% off the SMA20 and 20.82% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.59, and weekly volatility stands at 2.84%. When measured over the past 30 days, the indicator reaches 2.16%. Vale S.A. (NYSE:VALE)’s beta value is currently sitting at 1.08, while the Average True Range indicator is currently displaying 0.5. With analysts defining $16.6-$26.08 as the low and high price targets, we arrive at a consensus price target of $20.32 for the trailing 12-month period. The current price is about -8.49% off the estimated low and 43.77% off the forecast high, based on this estimate. Investors will be thrilled if VALE’s share price rises to $19.5, which is the median consensus price. At that level, VALE’s share price would be +7.5% above current price.

An evaluation of the daily trading volume of Vale S.A. (NYSE:VALE) indicates that the 3-month average is 31.07 Million. However, this figure has increased over the past 10 days to an average of 42.46 Million.

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Currently, records show that 5.13 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 19.54%. The stats also highlight that short interest as of December 30, 2020, stood at 92.87 Million shares, resulting in a short ratio of 3.26 at that time. From this, we can conclude that short interest is 1.81% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 113.75 Million. However, since the stock’s price has seen +11.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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