Vale Sees Unusually High Options Volume (VALE)
Vale (NASDAQ:VALE) was the recipient of unusually large options trading on Monday. Investors bought 23,765 call options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 117% compared to the average volume of 10,933 call options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Vale in a research note on Thursday, February 13th. They now have a $15.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of Vale from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 5th. They now have a $17.50 price target on the stock, down previously from $18.00. Finally, analysts at Jefferies Group initiated coverage on shares of Vale in a research note on Friday, January 10th. They set a “hold” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.85.
Vale (NASDAQ:VALE) opened at 14.66 on Tuesday. Vale has a 52 week low of $12.39 and a 52 week high of $19.70. The stock has a 50-day moving average of $13.93 and a 200-day moving average of $15.09. The company has a market cap of $75.548 billion and a price-to-earnings ratio of 16.11.
Vale SA is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets.