Vale is the largest producer of iron ore and pellets and the largest nickel producer. Vale also produces copper, coal, copper, manganese, and ferroalloys and holds equity stakes in some steel producers/projects.
P/E:3.55
Dividend Yield: 9.62%
I think at these prices Vale has its own buyers with long-term views and it is very unlikely to see Vale below 10 USD/Share.
The best strategy could be to wait for signs of recovery!
The expectation for lower China demand in the near future could be the most important factor that causes a -50% price decline!
According to fundamental analysis, 20-21 could be the fair value for Vale!
Conclusion:
keep Vale on your watch list there could be a good idea to open a long position near 10 if it happens in the next few months!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
P/E:3.55
Dividend Yield: 9.62%
I think at these prices Vale has its own buyers with long-term views and it is very unlikely to see Vale below 10 USD/Share.
The best strategy could be to wait for signs of recovery!
The expectation for lower China demand in the near future could be the most important factor that causes a -50% price decline!
According to fundamental analysis, 20-21 could be the fair value for Vale!
Conclusion:
keep Vale on your watch list there could be a good idea to open a long position near 10 if it happens in the next few months!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.