Traders Purchase High Volume of Put Options on Vale SA (VALE)
Shares of Vale SA (NASDAQ:VALE) saw unusually large options trading on Monday. Traders acquired 11,804 put options on the company, Analyst RN reports. This represents an increase of approximately 159% compared to the average daily volume of 4,552 put options.
A number of research firms have recently commented on VALE. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vale SA in a research note on Friday, May 9th. They now have a $21.00 price target on the stock, down previously from $25.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Vale SA in a research note on Friday, May 9th. They now have a $14.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Vale SA in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.11.
Shares of Vale SA (NASDAQ:VALE) traded up 1.53% on Monday, hitting $13.29. 7,787,404 shares of the company’s stock traded hands. Vale SA has a one year low of $12.29 and a one year high of $17.14. The stock has a 50-day moving average of $13.36 and a 200-day moving average of $13.95. The company’s market cap is $68.488 billion.
Vale SA (NASDAQ:VALE) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.14. Analysts expect that Vale SA will post $1.98 EPS for the current fiscal year.
Vale SA (NASDAQ:VALE) is a Brazil-based metals and mining company.
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.