Added to YB: 2024-04-22
Pitch date: 2024-04-21
VALE [bullish]
Vale S.A.
+56%
current return
Author Info
Company Info
Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania.
Market Cap
BRL 339.6B
Pitch Price
BRL 53.26
Price Target
N/A
Dividend
6.88%
EV/EBITDA
5.47
P/E
24.63
EV/Sales
1.96
Sector
Metals and Mining
Category
value
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.
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