Vale (VALE) shares fell 1.89% to $11.97 in the afternoon trade on Tuesday, snapping a six-session winning streak.
The Brazilian mining giant had rallied nearly 6% last week after reporting its best quarterly iron ore output since 2018 and a Scotiabank upgrade highlighting reduced exposure to China. Monday’s pullback comes amid renewed concerns over trade policy after the EU proposed tougher steel tariffs, while lingering uncertainty around project delays and legal settlements in Brazil also weighed on sentiment.
As per the Seeking Alpha’s Quant Ratings, VALE has a Hold rating with a score of 3.47 out of 5. The company received A+ in profitability, A in terms of valuation and revisions, but a B- in momentum and D- in growth has weighed on the overall rating.
Turning to the Wall Street community, 16 out of 24 analysts gave VALE a Buy and above rating, while 8 suggest holding the stock.
Seeking Alpha analyst Ignacio Zorzoli said, Vale’s long-term outlook remains supported by its strong cost control, high margins, and diversified operations across key metals. He added, “Vale has good growth prospects and can benefit greatly from a change in the cycle. At the same time, it has the qualities to withstand a continuation of the trend experienced by iron ore in recent years.
Vale has gained nearly 8% over the past month and are up about 35.46% year to date.