Vale S.A. (VALE) Price Target: Is It Set To Rise Or Fall In Price?

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Vale S.A. (NYSE:VALE) finished Thursday with an addition of $0.51 to close at $13.64, an upside of 3.88 percent. An average of 45,999,898 shares of common stock have been traded in the last five days. There was a gain of $0.59 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 36,244,906 shares traded, while the 50-day average volume stands at 33,540,699.

VALE stock has decreased by -0.87% in the last month. The company shares reached their 1-month lowest point of $11.72 on 09/07/22. With the stock rallying to its 52-week high on 04/04/22, shares of the company touched a low of $10.92 and a high of $20.84 in 52 weeks. It has reached a new high 22 times so far this year and lost -0.61% or -$0.38 in price. In spite of this, the price is down -34.55% from the 52-week high.


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Valuation Metrics

Vale S.A. (VALE) has a trailing price-to-earnings (P/E) ratio of 3.26. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, the price-to-book (PB) ratio at 1.80.

The company has a payout ratio of 291.30%. The company’s most recent quarterly dividend payment was $0.3907 a share, representing a down of -45.58% from $0.7180 last year. Its latest decrease dividend $0.3273 reported on Monday August 1 2022.

Financial Health

The quick ratio of Vale S.A. for the three months ended June 29 was 0.90, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.36 for the quarter ending June 29. Its gross profit as reported stood at $32.77 billion compared to revenue of $54.5 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Vale S.A.’s return on assets was 22.40%.

Earnings Surprise

The analyst consensus anticipated Vale S.A.’s latest quarter earnings to come in at $0.81 per share, but it turned out to be $1.32, a 63.00% surprise. For the quarter, EBITDA amounted to $4.29 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Vale S.A. (VALE) price momentum. RSI 9-day as of the close on 22 September was 59.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.12%.

As of today, VALE’s price is $13.35 +4.52% or $0.59 from its 5-day moving average. VALE is currently trading +2.48% higher than its 20-day SMA and -19.24% lower than its 100-day SMA. However, the stock’s current price level is +1.34% above the SMA50 and +1.87% above the SMA200.

The stochastic %K and %D were 80.89% and 79.65%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 92.98% and the average true range at 0.50, the RSI (14) stands at 55.88%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.38.

Analyst Ratings

RBC Capital Mkts upgraded Vale S.A. (NYSE: VALE) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Vale S.A. (VALE) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell VALE, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.

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