Shares of VALE have moved -0.6% today, and are now trading at a price of $13.32. In contrast, the S&P 500 index saw a -0.0% change. Today's trading volume is 7,024,046 compared to the stock's average volume of 23,042,793.
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 -18.9% away from its average analyst target price of $16.43 per share. The 22 analysts following the stock have set target prices ranging from $12.5 to $20.0, and on average give VALE a rating of buy.
The stock's 52 week high is $19.31 per share and its 52 week low is $11.72. Based on VALE's 0.9% compound average gross margin growth rate over the last 4 years, its core business remains strong and the stock price may recover in the long term.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 43,839,000 | 24,028,000 | 45.19 | -24.85 |
| 2021-12-31 | 54,502,000 | 21,729,000 | 60.13 | 14.71 |
| 2020-12-31 | 40,018,000 | 19,039,000 | 52.42 | 20.2 |
| 2019-12-31 | 37,570,000 | 21,187,000 | 43.61 | n/a |
