Vale S.A. (NYSE:VALE) traded at $18.24 at last check on Tuesday, January 24, made an upward move of 0.60% on its previous day’s price.
Looking at the stock we see that its previous close was $18.13 and the beta (5Y monthly) reads 0.61 with the day’s price range being $17.97 – $18.20. The company has a trailing 12-month PE ratio of 4.07. In terms of its 52-week price range, VALE has a high of $20.77 and a low of $11.68. The company’s stock has gained about 10.28% over that past 30 days.
Vale S.A. has a market cap of $86.63 billion. With its Forward Dividend at 1.47 and a yield of 8.10%, the company’s investors could be anxious for the VALE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.67, with the EPS growth for the year raised at $3.29 for 2022 and $2.5 for next year. These figures represent -26.40% and -24.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $11.76 billion, with a low of $11 billion and a high of $12.38 billion. The median projection represents growth adding up to -5.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $42.94 billion, or -21.20% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the VALE stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 24 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Vale S.A. (VALE) stock as a Hold, while 14 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 4.49% off its SMA20 and 10.83% from its 50-day simple moving average. The RSI (14) is pointing at 66.48 while the volatility over the past week is 1.54% and jumps to 2.03% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 0.42. The average price target for the stock over the next 12 months is $18.81, with the estimates having a low of $12.00 and a high of $24.00. These price ends are 34.21% and -31.58% off the today’s price level respectively, although investors could be excited at the prospect of a -4.17% if the VALE share price touches on the median price of $19.00.
Let’s briefly compare Vale S.A. (VALE) stock to its peers. We find that today’s price change of 0.60% and 16.23% over the past 12 months for VALE competes that of Rio Tinto Group (RIO), which has seen its stock price fall -0.53% in the latest trading session and is 4.25% over the last one year. Another of its peers ArcelorMittal S.A. (MT) has gained 0.11% today, and was -9.20% down over the past year. Vale S.A. has a P/E ratio of 4.07 compared to Rio Tinto Group’s 7.25 and ArcelorMittal S.A.’s 2.26. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.
Coming back to Vale S.A. (NYSE:VALE), we note that the average 3-month trading volume was 33.73 million, while that of the preceding 10-day period stands at 20.2 million. Current shares outstanding are 4.55 billion.
The insiders hold 38.50% of the company’s shares while institutions hold 21.40%. The data shows that short shares as of Oct 13, 2022, stood at 54.56 million at a short ratio of 1.18. This represents a 1.20% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 26.79 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 6.84% up in year-to-date price movement.