Vale (NYSE:VALE) Downgraded by Jefferies Financial Group Inc. to Hold

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Vale stock has undergone multiple analysts rating changes in the recent past.  Vale Downgraded by Jefferies Financial Group Inc. on 10/20/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Vale traded down -$0.23 on Tuesday, reaching $13.99. 19985009 shares of the stock traded hands, compared to its average volume of 36219372. Shares of Vale were trading at $13.99 on Tuesday. The firm’s 50 day moving average is $16.99 and its 200 day moving average is $19.03.Vale has a 12 month low of $13.77 and a 12 month high of $23.18. While on yearly highs and lows, Vale’s today has traded high as $14.10 and has touched $13.77 on the downward trend. See More Analyst Rating at: RATING

Vale Earnings and What to expect: 

Vale last posted its quarterly earnings results on July 28th, 2021. The basic materials company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.11. The company earned $16.68 billion during the quarter, compared to analyst estimates of $16.78 billion. Vale has generated $2.11 earnings per share over the last year ($3.29 diluted earnings per share) and currently has a price-to-earnings ratio of 4.3. Earnings for Vale are expected to decrease by -14.91% in the coming year, from $5.70 to $4.85 per share. Vale has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 27th, 2021 based off prior year’s report dates.

Earnings for Vale are expected to decrease by -14.91% in the coming year, from $5.70 to $4.85 per share. The P/E ratio of Vale is 4.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.25. The P/E ratio of Vale is 4.32, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 16.26. Vale has a PEG Ratio of 0.10. PEG Ratios below 1 indicate that a company could be undervalued. Vale has a P/B Ratio of 2.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Vale (NYSE:VALE) Moving Average Technical Analysis

5 day Moving Average is $14.49 And 5 day price change is -$0.48 (-3.27%)  with average volume for 5 day average is 27,302,900. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $14.44 and 20 day price change is -$1.67 (-10.52%) and average 20 day moving volume is 34,947,625. 50 day moving average is $16.99  and 50 day price change is -$6.63 ( -31.81%)  and with average volume for 50 days is : 31,146,615. 200 day moving average is $19.03  and 200 day price change is -$3.19 (-18.33%)  and with average volume for 200 days is : 29,369,951.

Other owners latest trading in Vale :

  • On 10/19/2021 shares held by Kestra Advisory Services LLC were 157,611 which equates to market value of $2.20M and appx 0.00% owners of Vale
  • On 10/19/2021 shares held by Arkadios Wealth Advisors were 2,054 which equates to market value of $28K and appx 0.00% owners of Vale
  • On 10/19/2021 shares held by South Shore Capital Advisors were 19,297 which equates to market value of $0.27M and appx 0.50% owners of Vale
  • In total Institutional ownership equates to Institutional Ownership Percentage: 24.60% for Vale

See More Analyst Rating at: RATING