Vale stock is trading -22.17% below its average target price of $14.75 after dropping -2.5% during today's morning 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.
Vale's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.5%. The stock's short ratio is 2.3. At 0.01%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 16.4%. In conclusion, we believe there is mixed market sentiment regarding Vale.
Institutions Invested in Vale
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Goldman Sachs Group Inc | 1% | 44,262,764 | $508,008,185 |
| 2024-06-30 | Capital International Investors | 1% | 34,699,525 | $398,249,931 |
| 2024-06-30 | FMR, LLC | 1% | 30,970,171 | $355,447,761 |
| 2024-06-30 | Morgan Stanley | 1% | 30,895,714 | $354,593,210 |
| 2024-06-30 | GQG Partners LLC | 1% | 29,956,481 | $343,813,539 |
| 2024-06-30 | Blackrock Inc. | 1% | 29,355,495 | $336,915,962 |
| 2024-06-30 | Capital World Investors | 1% | 27,767,135 | $318,686,195 |
| 2024-06-30 | Schroder Investment Management Group | 1% | 24,193,047 | $277,666,028 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 0% | 22,825,033 | $261,965,194 |
| 2024-06-30 | SPX Equities Gestao de Recursos Ltda | 0% | 21,969,937 | $252,151,172 |
