Stock Rating Upgrade
The Value Trend Rating for Vale SA (NYSE: VALE) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Vale SA (NYSE: VALE) stock closed at $12.50 on 4/8/24 after a very large increase of 5.9%. Moreover, trading volume in this advance was exceptionally high at 226% of normal. The stock has risen 2.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, VALE is expected to continue to be a major Value Builder.
Vale has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Vale has a good Appreciation Score of 85 but a neutral Power Rating of 42, and the Positive Value Trend Rating results.
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