NYSE:VALEVale Stock Price, Forecast & News

Vale's stock was trading at $8.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, VALE shares have increased by 24.5% and is now trading at $10.58. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vale in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Vale.

Vale is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Vale.

Vale SA (NYSE:VALE) released its earnings results on Tuesday, April, 28th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The basic materials company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.05 billion. Vale had a return on equity of 16.43% and a net margin of 0.54%. View Vale's earnings history.

Vale declared a dividend on Friday, December 20th. Investors of record on Monday, December 30th will be paid a dividend of $0.295 per share on Monday, January 1st. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Vale's previous dividend of $0.19. View Vale's dividend history.

17 analysts have issued 12-month price targets for Vale's stock. Their forecasts range from $9.50 to $17.50. On average, they expect Vale's share price to reach $12.78 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price. View analysts' price targets for Vale.

News stories about VALE stock have trended very negative this week, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Vale earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news headlines about the basic materials company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutVale.

Vale saw a drop in short interest in May. As of May 15th, there was short interest totaling 23,360,000 shares, a drop of 8.3% from the April 30th total of 25,470,000 shares. Based on an average daily volume of 33,360,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company's shares are short sold. View Vale's Current Options Chain.

Some companies that are related to Vale include BHP Group (BHP), Rio Tinto (RIO), GMK Noril'skiy nikel' PAO (GDR) (NILSY), FORTESCUE METAL/S (FSUGY), Anglo American (NGLOY), Southern Copper (SCCO), Freeport-McMoRan (FCX), SOUTH32 LTD/S (SOUHY), IMPALA PLATINUM/S (IMPUY), First Quantum Minerals (FQVLF), Lundin Mining (LUNMF), EXXARO RESOURCE/S (EXXAY), Centamin (CELTF), Cleveland-Cliffs (CLF) and Compania de Minas Buenaventura SAA (BVN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Vale investors own include Bank of America (BAC), Freeport-McMoRan (FCX), General Electric (GE), PETROLEO BRASIL/ADR (PBR), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA), Cisco Systems (CSCO), AT&T (T) and NVIDIA (NVDA).

Vale trades on the New York Stock Exchange (NYSE) under the ticker symbol "VALE."

Vale's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital Research Global Investors (3.05%), Capital International Investors (1.21%), BlackRock Inc. (1.15%), Invesco Ltd. (1.08%), Capital World Investors (0.65%) and Baillie Gifford & Co. (0.60%).

VALE stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Capital World Investors, Wellington Management Group LLP, State Street Corp, Balyasny Asset Management LLC, SPX Equities Gestao de Recursos Ltda, Morgan Stanley, and Morgan Stanley.

VALE stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Driehaus Capital Management LLC, BW Gestao de Investimentos Ltda., Deutsche Bank AG, Connor Clark & Lunn Investment Management Ltd., JGP Global Gestao de Recursos Ltda., Assenagon Asset Management S.A., and APG Asset Management N.V..

Shares of VALE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of VALE stock can currently be purchased for approximately $10.58.

Vale has a market capitalization of $54.26 billion and generates $37.57 billion in revenue each year. The basic materials company earns $-1,683,000,000.00 in net income (profit) each year or $1.60 on an earnings per share basis. Vale employs 71,149 workers across the globe.

The official website for Vale is www.vale.com.

Vale's mailing address is Praia de Botafogo186-offices 701-1901 Botafogo, RIO DE JANEIRO D5, 22250-145. The basic materials company can be reached via phone at 55-21-3485-3900 or via email at [email protected]