Stock Rating Downgrade
The Value Trend Rating for Vale SA (NYSE: VALE) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Vale SA (NYSE: VALE) stock declined modestly by -1.2% on 4/12/24. The stock closed at $12.02. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 0.8% during the last week.
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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Vale has a good Appreciation Score of 81 but a neutral Power Rating of 40, producing the High Neutral Value Trend Rating.
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