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Vale (VALE) in Focus: Stock Moves 6.2% Higher

Zacks Equity Research
·2 min read

Vale S.A. VALE was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company—as the stock is now up 23.9% in the past one-month time frame.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Vale. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.    

Vale has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

VALE S.A. Price

VALE S.A. Price
VALE S.A. Price

VALE S.A. price | VALE S.A. Quote

Investors interested in the Mining - Iron industry may consider Fortescue Metals Group Ltd. FSUGY which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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VALE S.A. (VALE) : Free Stock Analysis Report
 
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Zacks Investment Research