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Vale raised to buy at HSBC as fundamentals outweigh geopolitical risks

Mar. 03, 2022 11:44 AM ETVale S.A. (VALE) StockBy: Carl Surran, SA News Editor12 Comments

Iron ore pellets close up

Maksym Isachenko/iStock via Getty Images

Vale (VALE +1.9%) is upgraded to Buy from Hold with a $21.50 price target, raised from $17.25, at HSBC, which says prices for the company's main metals - iron ore, copper and nickel - likely will stay "stronger for longer" given ongoing supply issues, higher inflation

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Comments (12)

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but does vale sa capture the nickel windfall or are those profits captive to Indonesia subsidiary PTNDF that is penny sheet 9billion shares and Indo has export controls, and I think PTNDF has forward contract to Samsung? made money on vale stock and options since 13.
Nickel is absolutely going out of sight just at the minute, over USD$33,000/tonne at the moment. Copper is smashing records as well. Commodities are simply out of control presently, but could go higher. Must benefit VALE as IO is rising sharply also.
@nyc3053 Australia Ni is now up almost 30% to over $37,000/tonne. Totally wild.
Vale is a good buy, when iron ore prices are down and analyst say SELL.
superartus profile picture
@michi1711 they missed it when vale was on sale for 12 dollars a share. They seem to be momentum analysts.
@superartus I saw value at 12 in Nov 2021 as well and bought.
These analysts are so out of the loop. Their 21.50 price target seems lack of conviction at this point too.
kingRIG2.0 profile picture
@superartus I had Vale at $2.29, wish I still had those shares today
sportssam8 profile picture
Vale is in a good position going forward. I will likely add to my position in the stock tomorrow pre-market.
@sportssam8 I'm happy just for now with my position, nice move in price since I bought in October. Dividend coming is nice as well. VALE is a bit of a sleeping giant that is awakening from its slumber.
sportssam8 profile picture
@nyc3053 Australia Good call picking up Vale in October. I started buying in late February, and I think there is still upside in the stock.
@sportssam8 I think you are right, unfortunately, the war in Ukraine will put further demand on IO and other metals going forward.

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