Vale SA Sees Unusually High Options Volume (VALE)
Vale SA (NASDAQ:VALE) saw unusually large options trading on Thursday. Stock traders acquired 65,481 call options on the company, American Banking News.com reports. This is an increase of 371% compared to the average daily volume of 13,888 call options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Vale SA in a research note on Monday. They now have a $15.00 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Vale SA in a research note on Friday, August 1st. They now have a $20.00 price target on the stock, down previously from $31.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Vale SA in a research note on Thursday, July 24th. They now have a $15.50 price target on the stock, up previously from $13.00. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.96.
Vale SA (NASDAQ:VALE) traded down 1.60% on Thursday, hitting $13.53. The stock had a trading volume of 27,490,248 shares. Vale SA has a 52 week low of $12.29 and a 52 week high of $17.14. The stock’s 50-day moving average is $13.99 and its 200-day moving average is $13.67. The company has a market cap of $69.726 billion and a price-to-earnings ratio of 74.32.
Vale SA (NASDAQ:VALE) last released its earnings data on Thursday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.06. Analysts expect that Vale SA will post $1.73 EPS for the current fiscal year.
Vale SA (NASDAQ:VALE) is a Brazil-based metals and mining company.
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