Vale continues to trade in red for the fifth straight day

Vale (NYSE:VALE) stood at $10.77 on Tuesday midday trading, reflecting a -1.33% shift from the previous trading day’s closing. This move was narrower than the S&P 500’s daily gain of 0.09%. Elsewhere, the Dow saw a marginal upside of 0.05%, while the tech-heavy Nasdaq too was up 0.20%.

The stock fell 4.82% in just the last five trading sessions and was down 26.8% on a Y/Y basis.

Heading into today, shares of the company had lost 4.43% over the past month. The stock closed 1.37% lower on Monday at $10.92.

The stock plummets 31.4% so far this year, compared to the nearly 17.44% rise in the broader S&P 500 Index.

Looking at Seeking Alpha’s Quant rating, VALE has a score of 3.20 out of 5. The company received A+ in the prospect of profitability and valuation factor, while it got an F in growth factor.

Turning to the Wall Street community, almost 9 analysts gave VALE a Strong Buy while 8 stood with Buy whereas, 7 of them gave the stock a Hold recommendation, and none were on the short side.

Seeking Alpha analysts also see the stock as a Hold.

Digging into valuation, VALE currently has a forward P/E ratio of 5.02. This valuation marks no noticeable deviation compared to its industry’s average forward P/E of 5.02.

Investors will be eagerly watching for the performance of VALE in its upcoming earnings disclosure. The Co.’s earnings report is set to be unveiled on July 25, 2024. The Co.’s EPS are projected to be $0.51, reflecting more than a 100% increase from the same quarter last year.