Recent exceptional negative changes in investment behavior have affected Vale SA (NYSE: VALE): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Vale SA (NYSE: VALE) suffers from limited negative changes in fundamentals. Negative developments: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred. Positive development: the stock’s power rating rose above 70.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
VALE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Vale has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Vale has a good Power Rating of 71 and a good Appreciation Score of 75, leading to the Positive Value Trend Rating.
Recent Price Action
Vale SA (NYSE: VALE) stock declined modestly by -1.7% on 1/19/24. The stock closed at $13.80. Moreover, trading volume in this decline was exceptionally high at 221% of normal. The stock has declined -6.6% during the last week but has been strong relative to the market over the last nine months.
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