VALE S.A. (VALE) Sees a More Significant Dip Than Broader Market: Some Facts to Know

VALE S.A. closed at $13.37, down 1.11%, underperforming the S&P 500's 0.02% loss. The stock has declined 7.46% over the past month, trailing the Basic Materials sector's 5.62% loss. Upcoming earnings are projected at $0.37 EPS (down 41.27% YoY) with revenue expected at $10.29 billion (down 1.2% YoY). VALE holds a Zacks Rank #3 (Hold) with a Forward P/E of 7.44, slightly above its industry average of 7.25.