Large-cap Basic Materials company VALE has logged a 3.8% change today on a trading volume of 18,194,069. The average volume for the stock is 43,770,607.
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company is now trading -2.04% away from its average analyst target price of $17.41 per share. The 22 analysts following the stock have set target prices ranging from $12 to $22, and on average give VALE a rating of buy.
Over the last year, VALE shares have gone up 21.5%, which represents a difference of 37.4% when compared to the S&P 500. The stock's 52 week high is $21.29 per share whereas its 52 week low is $11.72. Based on VALE's average gross margins growth of 15.0% over the last four years, its core business remains strong and the stock price may maintain this level of performance.