Morgan Stanley lifts Vale S.A. [VALE] price estimate. Who else is bullish?

Vale S.A. [NYSE: VALE] closed the trading session at $17.66 on 01/06/23. The day’s price range saw the stock hit a low of $17.19, while the highest price level was $17.68. The company report on December 13, 2022 that STEADRIGHT ANNOUNCES NEW EXPERIENCED CRITICAL MINERALS BOARD MEMBER.

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Steadright’s CEO John Morgan commented, “Mr. Rochon is an invaluable asset to Steadright’s team as we continue to build the company. I am excited to work on the highly encouraging historical critical mineral results that is being navigated by Robert Palkovits, V.P. of Exploration and his team of world class professionals. We are very excited to have a board member as experienced as Mr. Rochon come onboard to help us rapidly advance our goals of exploring for a better tomorrow.”.

The stocks have a year to date performance of 4.07 percent and weekly performance of 4.62 percent. The stock has been moved at 27.04 percent over the last six months. The stock has performed 5.73 percent around the most recent 30 days and changed 22.13 percent over the most recent 3-months.

If compared to the average trading volume of 38.39M shares, VALE reached to a volume of 31230964 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Vale S.A. [VALE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VALE shares is $17.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VALE stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Vale S.A. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 09, 2022. The new note on the price target was released on November 23, 2022, representing the official price target for Vale S.A. stock. Previously, the target price had yet another raise from $15 to $16, while RBC Capital Mkts kept a Outperform rating on VALE stock.

The Average True Range (ATR) for Vale S.A. is set at 0.49, with the Price to Sales ratio for VALE stock in the period of the last 12 months amounting to 1.86. The Price to Book ratio for the last quarter was 2.39, with the Price to Cash per share for the same quarter was set at 1.15.

VALE stock trade performance evaluation

Vale S.A. [VALE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.62. With this latest performance, VALE shares gained by 5.73% in over the last four-week period, additionally plugging by 27.04% over the last 6 months – not to mention a rise of 32.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VALE stock in for the last two-week period is set at 67.03, with the RSI for the last a single of trading hit 70.75, and the three-weeks RSI is set at 64.10 for Vale S.A. [VALE]. The present Moving Average for the last 50 days of trading for this stock 15.56, while it was recorded at 16.92 for the last single week of trading, and 15.28 for the last 200 days.

Vale S.A. [VALE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Vale S.A. [VALE] shares currently have an operating margin of +54.03 and a Gross Margin at +59.50. Vale S.A.’s Net Margin is presently recorded at +45.55.

Return on Equity for this stock inclined to 70.71, with Return on Assets sitting at 27.36.

Vale S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for Vale S.A. [VALE] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VALE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vale S.A. go to -10.20%.

Vale S.A. [VALE]: Insider Ownership positions

There are presently around $16,728 million, or 21.40% of VALE stock, in the hands of institutional investors. The top three institutional holders of VALE stocks are: CAPITAL WORLD INVESTORS with ownership of 140,904,348, which is approximately -2.251% of the company’s market cap and around 38.50% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 131,601,408 shares of the stock with an approximate value of $2.32 billion in VALE stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.79 billion in VALE stock with ownership of nearly -14.569% of the company’s market capitalization.

Positions in Vale S.A. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 242 institutional holders increased their position in Vale S.A. [NYSE:VALE] by around 69,859,461 shares. Additionally, 216 investors decreased positions by around 111,916,488 shares, while 74 investors held positions by with 765,454,764 shares. The mentioned changes placed institutional holdings at 947,230,713 shares, according to the latest SEC report filing. VALE stock had 52 new institutional investments in for a total of 2,897,831 shares, while 66 institutional investors sold positions of 10,608,810 shares during the same period.

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