Investors Purchase High Volume of Call Options on Vale (VALE)
Shares of Vale (NASDAQ:VALE) saw some unusual options trading on Thursday. Stock traders bought 71,588 call options on the stock, ARN reports. This is an increase of approximately 294% compared to the typical volume of 18,167 call options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Vale (NASDAQ:VALE) in a research note to investors on Wednesday, August 14th. They now have a $16.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Vale (NASDAQ:VALE) from $23.00 to $17.00 in a research note to investors on Thursday, July 18th. They now have a “sector perform” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Vale (NASDAQ:VALE) from $22.00 to $15.00 in a research note to investors on Monday, July 15th. They now have a “market perform” rating on the stock.
Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.29.
Vale (NASDAQ:VALE) traded down 0.52% during mid-day trading on Friday, hitting $16.245. The stock had a trading volume of 3,227,881 shares. Vale has a one year low of $12.39 and a one year high of $21.88. The stock’s 50-day moving average is $14.9 and its 200-day moving average is $15.63. The company has a market cap of $83.717 billion and a P/E ratio of 36.05.
Vale SA is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.