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Vale S.A. (VALE) Analysis & Forecast for 2023

Vale S.A. (NYSE: VALE) is 6.84% higher on its value in year-to-date trading and has touched a low of $11.68 and a high of $20.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VALE stock was last observed hovering at around $18.12 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $18.75 for the next 12 months. It is also 24.46% off the consensus price target high of $24.00 offered by 24 analysts, but current levels are -51.08% lower than the price target low of $12.00 for the same period.

Currently trading at $18.13, the stock is 4.33% and 10.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.14 million and changing 0.06% at the moment leaves the stock 20.97% off its SMA200. VALE registered 16.23% gain for a year compared to 6-month gain of 47.62%.

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The stock witnessed a 10.28% loss in the last 1 month and extending the period to 3 months gives it a 32.41%, and is -1.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 2.03% over the month.

Vale S.A. (VALE) has around 74316 employees, a market worth around $86.63B and $45.20B in sales. Current P/E ratio is 4.07 and Fwd P/E is 7.25. Profit margin for the company is 45.60%. Distance from 52-week low is 55.25% and -12.70% from its 52-week high. The company has generated returns on investments over the last 12 months (43.10%).

Vale S.A. (VALE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Vale S.A. (VALE) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.30, where 7 rate it as a Hold and 2 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Vale S.A. is expected to release its quarterly report on 04/26/2023.The EPS is expected to grow by 284.50% this year.

Vale S.A. (VALE) Top Institutional Holders

The shares outstanding are 4.55B, and float is at 4.31B with Short Float at 1.22%.

Vale S.A. (VALE): Who are the competitors?

The company’s main competitors (and peers) include Rio Tinto Group (RIO) that is trading 4.25% up over the past 12 months and ArcelorMittal S.A. (MT) that is -9.20% lower over the same period.

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