With 16.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 33.91 million shares. The 52-week range on VALE shows that it touched its highest point at $12.55 and its lowest point at $8.06 during that stretch. It currently has a 1-year price target of $12.14. With its current market cap of 39.74 billion, VALE has annualized dividend of $0.37 while the current yield stands at 4.00%. Beta for the stock currently stands at 0.82.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VALE was down-trending over the past week, with a drop of -3.02%, but this was down by -4.32% over a month. Three-month performance dropped to -0.53% while six-month performance fell -13.08%. The stock lost -20.12% in the past year, while it has gained 4.96% so far this year. A look at the trailing 12-month EPS for VALE yields 1.36 with Next year EPS estimates of 1.78. For the next quarter, that number is 0.43. This implies an EPS growth rate of 21.16% for this year and 2.07% for next year.
Float and Shares Shorts:
At present, 4.27 billion VALE shares are outstanding with a float of 4.27 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VALE since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.07254 being high and $1.85746 being low. For VALE, this leads to a yearly average estimate of $1.965. Based on analyst estimates, the high estimate for the next quarter is $0.6 and the low estimate is $0.36. The average estimate for the next quarter is thus $0.49.
