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Tuesday, December 1, 2020

Is Now the Time to Invest in Vale S.A. (NYSE:VALE)?

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Vale S.A. (VALE) shares are trading at higher $11.38 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $14.20.

To add more color to this target, the company’s high over the last year is $13.67 and the low is $6.49. Over the last 52 weeks, VALE is down -16.75% while the S&P 500 is up 0.31%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VALE reported a profit of $3.31 billion. Vale S.A. also saw revenues increase to $7.52 billion. In addition, VALE has free cash flow of $0.0 as of 06-2020.

VALE booked profit margins of 4.20%, its Return on Equity (ROE) is 3.60%, and its Return on Assets is 1.50%. All told, it is clear that, VALE needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VALE has a short ratio of 1.18 and outstanding shares of 5.13B.

Company Outlook

VALE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 23.96 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.23. Vale S.A. VALE also noted assets of $83.15 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VALE has historically followed its peers on positive news.

All told, Vale S.A. VALE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VALE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Vale S.A. VALE is now commanding a market cap of 59.66B and a float of 4.08B. VALE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VALE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VALE, either long or short, and we have not been compensated for this article.

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