Vale S.A. (NYSE:VALE) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $10.78–$9.79 in the past one-month time frame, witnessed a sharp increase on Friday.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Vale currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Mining – Iron industry is Fortescue Metals Group Ltd. (OTC:FSUGY) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Fortescue Metals Group Ltd. (FSUGY): Free Stock Analysis Report
VALE S.A. (VALE): Free Stock Analysis Report
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Zacks Investment Research