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Why Vale S.A. (VALE) Could Be Positioned for a Surge

Vale S.A. VALE is an iron mining company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on VALE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Vale S.A. could be a solid choice for investors.

Current Quarter Estimates for VALE

In the past 30 days, 3 estimates has gone higher for Vale S.A. while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a penny 30 days ago, to 8 cents today, a significant move.

Current Year Estimates for VALE

Meanwhile, Vale S.A. current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 9 cents 30 days ago, to a loss of a penny today, a move of 88.9%.

Bottom Line

The stock has also started to move higher lately, adding 27.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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VALE SA (VALE): Free Stock Analysis Report
 
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