Trade-Ideas: Vale (VALE) Is Today's Pre-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Vale ( VALE) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Vale as such a stock due to the following factors:

  • VALE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $190.7 million.
  • VALE traded 124,900 shares today in the pre-market hours as of 8:59 AM.
  • VALE is up 3.9% today from yesterday's close.

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More details on VALE:

Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. The stock currently has a dividend yield of 2.8%. VALE has a PE ratio of 6. Currently there are 3 analysts that rate Vale a buy, 6 analysts rate it a sell, and 5 rate it a hold.

The average volume for Vale has been 33.8 million shares per day over the past 30 days. Vale has a market cap of $34.1 billion and is part of the basic materials sector and metals & mining industry. Shares are down 20.9% year-to-date as of the close of trading on Monday.

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