Vale Sees Unusually High Options Volume (VALE)
Vale (NASDAQ:VALE) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 11,484 put options on the company, Analyst Ratings Network reports. This represents an increase of 116% compared to the average volume of 5,318 put options.
VALE has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Vale (NASDAQ:VALE) in a research note to investors on Wednesday. They now have a $20.00 price target on the stock, down previously from $22.00. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Vale (NASDAQ:VALE) in a research note to investors on Thursday, September 19th. They now have a $17.00 price target on the stock. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.99.
Vale (NASDAQ:VALE) traded down 1.46% on Thursday, hitting $15.50. 15,579,367 shares of the company’s stock traded hands. Vale has a 52 week low of $12.39 and a 52 week high of $21.88. The stock’s 50-day moving average is $15.65 and its 200-day moving average is $15.38. The company has a market cap of $79.877 billion and a P/E ratio of 34.72.
Vale SA is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets.
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