Vale SA (NYSE: VALE) has recently experienced extremely important negative changes in investment behavior: its longer term price trend turned down, and its shorter term price trend turned down.
Notable negative changes in fundamentals have recently occurred for Vale SA (NYSE: VALE): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, VALE is expected to continue to be a major Value Builder.
Vale has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Vale has a good Appreciation Score of 83 but a poor Power Rating of 28, and the Neutral Value Trend Rating results.
Recent Price Action
Vale SA (NYSE: VALE) stock closed at $12.05 on 5/31/24 after a slight decline of -0.5%. Moreover, above average trading volume at 122% of normal accompanied the decline. The stock has declined -4.7% during the last week and has been weak relative to the market over the last nine months.
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