Added to YB: 2024-04-22
Pitch date: 2024-04-21
VALE [bullish]
Vale S.A.
+32.38%
current return
Author Info
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Company Info
Vale S.A., together with its subsidiaries, produces iron ore and nickel in Asia, the Americas, Europe, and internationally.
Market Cap
BRL 299.8B
Pitch Price
BRL 53.26
Price Target
N/A
Dividend
7.80%
EV/EBITDA
5.01
P/E
9.95
EV/Sales
1.81
Sector
Metals and Mining
Category
value
Show full summary:
VALE - The Iron Ore trade
VALE: Brazilian miner near 52wk low despite strong fundamentals. Iron ore demand fears overblown, China GDP +5.3% YoY in Q1. VALE lags peers YTD on BRL weakness & BR outflows, but Petrobras to pay special div, reversing sentiment. Low breakeven ~$55, Q1 prod +15%, Saudi fund invests $3.4B in copper div at $26B val. 10% div yield possible. Cyclical play.
Read full article (5 min)