Vale stock is trading -28.59% below its average target price of $15.2 after marking a 1.4% during today's afternoon session. Analysts are giving the Large-Cap Industrial Metals & Mining company an average rating of buy and target prices ranging from $11.0 to $18.0 per share.
The stock has a very low short interest at 1.3%, and a short ratio of 2.17. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a very small number of institutional investors are invested in the stock, with 17.2% of Vale's shares being owned by this investor type.
Institutions Invested in Vale
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Goldman Sachs Group Inc | 2% | 94,452,928 | $1,025,286,490 |
| 2024-03-31 | Capital International Investors | 1% | 65,426,896 | $710,208,926 |
| 2024-03-31 | Blackrock Inc. | 1% | 45,028,580 | $488,785,215 |
| 2024-03-31 | Capital World Investors | 1% | 28,711,282 | $311,660,952 |
| 2024-03-31 | FMR, LLC | 1% | 25,568,937 | $277,550,799 |
| 2024-03-31 | Schroder Investment Management Group | 1% | 25,157,162 | $273,080,981 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 0% | 18,290,720 | $198,545,757 |
| 2024-03-31 | Bank of America Corporation | 0% | 18,227,931 | $197,864,182 |
| 2024-03-31 | Morgan Stanley | 0% | 18,081,748 | $196,277,366 |
| 2024-03-31 | Capital Research Global Investors | 0% | 16,441,495 | $178,472,420 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Vale.
