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Vale S.A. (NYSE: VALE) Stock: Can Value Hunters Buy It?

The trading price of Vale S.A. (NYSE:VALE) floating lower at last check on Wednesday, June 22, closing at $14.54, -1.22% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $14.70 and $15.10. The company’s P/E ratio in the trailing 12-month period was 2.92, while its 5Y monthly beta was 0.65. In examining the 52-week price action we see that the stock hit a 52-week high of $23.17 and a 52-week low of $11.16. Over the past month, the stock has lost -9.25% in value.

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Vale S.A., whose market valuation is $79.65 billion at the time of this writing. The dividend yield on the company stock is 18.13%, while its Forward Dividend ratio is 2.67. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.12 per share this quarter, however they have predicted annual earnings per share of $4.1 for 2022 and $3.22 for 2023. It means analysts are expecting annual earnings per share growth of -8.30% this year and -21.50% next year.

Analysts have forecast the company to bring in revenue of $13.72 billion for the current quarter, with the likely lows of $13.31 billion and highs of $14.45 billion. The average estimate suggests sales will likely down by -17.70% 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 2022 is $52.16 billion. The company’s revenue is forecast to drop by -4.30% over what it did in 2022.

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. 3 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest VALE has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.

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 25. Out of them, 8 rate it a Hold, while 14 recommend Buy, whereas 2 assign an Overweight rating. 0 analyst(s) have tagged Vale S.A. (VALE) as Underweight, while 1 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that VALE’s price is currently -15.41% off the SMA20 and -14.81% off the SMA50. The RSI metric on the 14-day chart is currently showing 29.90, and weekly volatility stands at 3.14%. When measured over the past 30 days, the indicator reaches 2.76%. Vale S.A. (NYSE:VALE)’s beta value is currently sitting at 1.01, while the Average True Range indicator is currently displaying 0.62. With analysts defining $14.00-$25.50 as the low and high price targets, we arrive at a consensus price target of $21.68 for the trailing 12-month period. The current price is about 3.71% off the estimated low and -75.38% off the forecast high, based on this estimate. Investors will be thrilled if VALE’s share price rises to $22.00, which is the median consensus price. At that level, VALE’s share price would be -51.31% below current price.

To see how Vale S.A. stock has been performing today in comparison to its peers in the industry, here are the numbers: VALE stock’s performance was -1.22% at last check in today’s session, and -33.09% in the past year, while Rio Tinto Group (RIO) has been trading -3.55% in recent session and positioned -17.93% lower than it was a year ago. Another comparable company ArcelorMittal S.A. (MT) saw its stock trading -7.99% lower in today’s session but was down -11.21% in a year. Vale S.A. has a P/E ratio of 2.92, compared to Rio Tinto Group’s 5.05 and ArcelorMittal S.A.’s 1.62. Also during today’s trading, the S&P 500 Index has surged 0.15%, while the Dow Jones Industrial also saw a negative session, down -0.05% today.

An evaluation of the daily trading volume of Vale S.A. (NYSE:VALE) indicates that the 3-month average is 34.36 million.

Currently, records show that 4.81 billion of the company’s shares remain outstanding. The insiders hold 38.50% of outstanding shares, whereas institutions hold 23.60%. However, since the stock’s price has seen 4.99% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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