VALE Stock Summary and Trading Ideas (Vale S.A. American Depositary Shares Each Representing One Common Share | NYSE:VALE)

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.

Vale S.A. American Depositary Shares Each Representing One Common Share trades on the NYSE stock market under the symbol VALE.

As of April 19, 2024, VALE stock price climbed to $12.18 with 34,434,059 million shares trading.

VALE has a beta of 1.00, meaning it tends to be more sensitive to market movements. VALE has a correlation of 0.15 to the broad based SPY ETF.

VALE has a market cap of $52.18 billion. This is considered a Large Cap stock.

Last quarter Vale S.A. American Depositary Shares Each Representing One Common Share reported $13 billion in Revenue and $.56 earnings per share. This fell short of revenue expectation by $-76 million and missed earnings estimates by -$.40.

In the last 3 years, VALE stock traded as high as $23.18 and as low as $11.16.

The top ETF exchange traded funds that VALE belongs to (by Net Assets): ILF, GNR, SPEM, AVEM, VEU.

VALE has underperformed the market in the last year with a return of -11.2%, while the SPY ETF gained +21.2%. In the last 3 month period, VALE fell short of the market, returning -7.7%, while SPY returned +3.0%. However, in the most recent 2 weeks VALE has outperformed the stock market by returning +3.2%, while SPY returned -4.5%.

VALE support price is $11.63 and resistance is $12.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VALE stock will trade within this expected range on the day.