Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
VALE S.A. (VALE) - free report >>
Cleveland-Cliffs Inc. (CLF) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
VALE S.A. (VALE) - free report >>
Cleveland-Cliffs Inc. (CLF) - free report >>
Image: Bigstock
Should Vale S.A. (VALE) Stock Be in Your Portfolio Now?
On Jun 20, 2016, Zacks Investment Research upgraded Vale S.A. (VALE - Free Report) to a Zacks Rank #1 (Strong Buy) from a Zacks Rank #3 (Hold). Going by the Zacks model, companies sporting a Zacks Rank #1 have better chances of performing better than the broader market over the upcoming quarters.
Why the Upgrade?
Vale is boosting its revenues through new growth projects, higher productivity and efficient disinvestment programs. The company’s disinvestment initiatives and capital deployment strategies are expected to lower its aggregate debt burden in the quarters ahead.
Moreover, increased industrialization in the global forum is enhancing demand for industrial raw materials offered by mining companies like Vale and hence, boosting its revenues.
The company also has a progressive dividend policy in place, reflecting its commitment to increase shareholders’ value. The company’s lucrative dividend policy is supported by its superior capital management system, which Vale maintains by investing in high-return growth opportunities, Vale aims to offer attractive share buyback and dividend return programs to its shareholders in the near future.
Notably, such optimistic aspects have triggered an upward revision in the Zacks Consensus Estimate for the stock. For 2016, the Zacks Consensus Estimate has risen to earnings of 31 cents per share from a loss of 1 penny per share over the past 60 days. For 2017, the same has inched up 280% to 38 cents per share.
VALE SA Price and Consensus
VALE SA Price and Consensus | VALE SA Quote
Other Stocks to Consider
Other well-ranked stocks within the industry include Cliffs Natural Resources Inc. (CLF - Free Report) , First Majestic Silver Corp. (AG - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) . All the three companies currently hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>