Vale (NASDAQ:VALE) saw unusually large options trading activity on Wednesday. Traders purchased 72,819 call options on the company, StockRatingsNetwork reports. This is an increase of approximately 180% compared to the average volume of 26,001 call options.
A number of analysts have recently weighed in on VALE shares. Analysts at Zacks reiterated a “neutral” rating on shares of Vale (NASDAQ:VALE) in a research note to investors on Wednesday, August 14th. They now have a $16.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Vale (NASDAQ:VALE) from $23.00 to $17.00 in a research note to investors on Thursday, July 18th. They now have a “sector perform” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Vale (NASDAQ:VALE) from $22.00 to $15.00 in a research note to investors on Monday, July 15th. They now have a “market perform” rating on the stock.
Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Vale currently has a consensus rating of “Buy” and a consensus price target of $20.29.
Vale (NASDAQ:VALE) traded up 3.40% on Wednesday, hitting $16.71. The stock had a trading volume of 19,803,040 shares. Vale has a one year low of $12.39 and a one year high of $21.88. The stock has a 50-day moving average of $15.11 and a 200-day moving average of $15.53. The company has a market cap of $86.113 billion and a P/E ratio of 35.67.
Vale SA is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets.