83% Of Vetr Top Raters Bullish On Vale

Shares of Vale SA (ADR) VALE have comfortably outperformed the market in 2016, having posted gains of almost 7 percent year-to-date. Furthermore, over the past month, the stock rose more than 33 percent, even though they tumbled about 12 percent over the past five trading sessions. Now trading around $3.53, the stock offers upside once again, the Vetr crowd believes.

Related link: Here's How Crowdsourced Ratings Can Beat The Market

On Tuesday, top raters at the Vetr community upgraded shares of Vale SA from 3.0 Stars to 3.5 Stars -- out of a possible 5.0 Star rating, setting a price target of $3.98, which implies an upside of more than 13 percent from current valuations.

It should be noted that 83 percent of the crowd's ratings are bullish. One final thing to point out: analysts seem even more optimistic on the company, as they have fixed an average price target of $5.68 per share.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.