A study of analyst recommendations at the major brokerages shows
that Vale S. A. (Symbol: VALE) is the #29 broker analyst pick, on
average, out of the 50 stocks making up the
Metals Channel Global Mining Titans Index
, according to
. The Metals Channel Global Mining Titans Index is comprised of the
top fifty global leaders from the metals and mining sector. The
companies listed in the Metals Channel Global Mining Titans Index
are not fixed, but instead variable - updating on a continuous
basis to reflect the changing market environment with respect to
commodity prices, government policy and market volatility.
In forming this rank, the analyst opinions from the major
brokerage houses were tallied, and averaged; then, the underlying
components of the Metals Channel Global Mining Titans Index were
ranked according to those averages. Investors often interpret
analyst opinions from different angles - when companies have a low
rank among analysts, it isn't necessarily the case that investors
should conclude that the stock will perform poorly. It can, of
course, but a bullish investor could also take the contrarian angle
and read into the data that there is lots of room for upside
because the stock is so out of favor.
According to the ETF Finder at ETF Channel, VALE makes up 14.37% of
the Steel ETF (
) which is trading higher by about 0.3% on the day Friday.
VALE operates in the Non-Precious Metals & Non-Metallic Mining
sector, among companies like Ternium S A (
) which is up about 1.3% today, and BHP Billiton Ltd. (
) trading higher by about 0.6%. Below is a three month price
history chart comparing the stock performance of VALE, versus TX
VALE is currently trading down about 1.1% midday Friday.
Analyst Favorites of the Metals Channel Global
Mining Titans Index »