This morning we watched Vale rise 2.3% to a price of $8.97 per share. The Large-Cap Industrial Metals & Mining company is now trading -29.58% below its average target price of $12.75. Analysts have set target prices ranging from $9.5 to $16.0 per share for Vale, and have given the stock an average rating of buy.
Vale's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.8%. The stock's short ratio is 2.53. 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 15.8%. In conclusion, we believe there is mixed market sentiment regarding Vale.
Institutions Invested in Vale
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Morgan Stanley | 1% | 43,239,569 | $388,135,683 |
| 2024-09-30 | Blackrock Inc. | 1% | 38,871,693 | $348,927,879 |
| 2024-09-30 | FMR, LLC | 1% | 36,605,338 | $328,584,169 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 1% | 28,219,808 | $253,312,295 |
| 2024-09-30 | Capital World Investors | 1% | 27,796,397 | $249,511,588 |
| 2024-09-30 | Capital International Investors | 1% | 27,228,660 | $244,415,353 |
| 2024-09-30 | Bank of America Corporation | 0% | 18,819,574 | $168,932,031 |
| 2024-09-30 | GQG Partners LLC | 0% | 18,292,526 | $164,201,037 |
| 2024-09-30 | Healthcare of Ontario Pension Plan Trust Fund | 0% | 18,200,000 | $163,370,486 |
| 2024-09-30 | Fisher Asset Management, LLC | 0% | 17,404,942 | $156,233,727 |
