Unusual Call Option Trade in Vale (VALE) Worth $225.76K

On April 11, 2023 at 10:28:07 ET an unusually large
$225.76K block of Call contracts in Vale
(VALE) was sold,
with a strike price of $17.00 / share, expiring in 66 days (on June 16, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 2.00 sigmas above the mean, placing it in the 97.81 percentile of all recent large trades made in VALE options.

This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.

Analyst Price Forecast Suggests 31.41% Upside

As of March 30, 2023,
the average one-year price target for Vale is $20.20.
The forecasts range from a low of $15.63 to a high of $24.84.
The average price target represents an increase of 31.41% from its latest reported closing price of $15.37.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Vale
is $41,797MM, a decrease of 4.66%.

The projected annual non-GAAP EPS
is $2.42.

What is the Fund Sentiment?

There are 903 funds or institutions reporting positions in Vale.

This is an increase
of
41
owner(s) or 4.76% in the last quarter.

Average portfolio weight of all funds dedicated to VALE is 0.72%,
an increase
of 8.57%.

Total shares owned by institutions decreased
in the last three months by 0.97% to 1,335,842K shares.

The put/call ratio of VALE is 0.88, indicating a

bullish
outlook.

What are Large Shareholders Doing?

Capital Research Global Investors
holds 136,193K shares

representing 3.06% ownership of the company.

In it’s prior filing, the firm reported owning 131,601K shares, representing
an increase
of 3.37%.

The firm

increased

its portfolio allocation in VALE by 21.29% over the last quarter.

Capital World Investors
holds 128,004K shares

representing 2.88% ownership of the company.

In it’s prior filing, the firm reported owning 140,904K shares, representing
a decrease
of 10.08%.

The firm

increased

its portfolio allocation in VALE by 9.90% over the last quarter.

CWGIX – CAPITAL WORLD GROWTH & INCOME FUND
holds 97,673K shares

representing 2.20% ownership of the company.

In it’s prior filing, the firm reported owning 52,114K shares, representing
an increase
of 46.64%.

The firm

increased

its portfolio allocation in VALE by 87.61% over the last quarter.

Capital International Investors
holds 96,139K shares

representing 2.16% ownership of the company.

In it’s prior filing, the firm reported owning 101,148K shares, representing
a decrease
of 5.21%.

The firm

increased

its portfolio allocation in VALE by 11.55% over the last quarter.

EWZ – iShares MSCI Brazil ETF
holds 61,662K shares

representing 1.39% ownership of the company.

In it’s prior filing, the firm reported owning 59,554K shares, representing
an increase
of 3.42%.

The firm

increased

its portfolio allocation in VALE by 30.58% over the last quarter.

Vale Background Information
(This description is provided by the company.)

Vale S.A., formerly Companhia Vale do Rio Doce is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.