| Why Vale S.A. (VALE) Could Be Positioned for a Slump | |
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Vale S.A. VALE which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in VALE.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared to no upward revision, with estimates widening from a loss of 24 cents per share a month ago to its current level of a loss of 39 cents per share.
Also, for the current quarter, Vale S.A. has seen 1 downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to 5 cents a share from 9 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 24.5% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Basic Materials sector, you may instead consider a better-ranked stock - AngloGold Ashanti Ltd. AU. The stock currently holds a Zacks Rank #2 (Buy) and may be better selection at this time.
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 >> 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 ANGLOGOLD LTD (AU): Free Stock Analysis Report VALE SA (VALE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Vale
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EXPLORATEUR |
CODE : VALE3.SA |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Vale est une société de production minière basée au Bresil. Son principal projet en exploration est GALIURO en USA. Vale est cotée au Bresil et en France. Sa capitalisation boursière aujourd'hui est 301,8 milliards BRL (150,8 milliards US$, 135,6 milliards €). La valeur de son action a atteint son plus bas niveau récent le 19 février 2016 à 10,51 BRL, et son plus haut niveau récent le 27 août 2021 à 99,80 BRL. Vale possède 5 244 319 744 actions en circulation. |