Vale SA (VALE): Today's Featured Basic Materials Winner
(
) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 1.5%. By the end of trading, Vale rose 51 cents (2.8%) to $18.78 on average volume. Throughout the day, 28.1 million shares of Vale exchanged hands as compared to its average daily volume of 19.7 million shares. The stock ranged in a price between $18.63-$19.05 after having opened the day at $18.88 as compared to the previous trading day's close of $18.27. Other companies within the Basic Materials sector that increased today were:
North American Energy Partners Incorporate
(
), up 27.9%,
(
), up 19.8%,
(
), up 17%, and
TheStreet Recommends
(
), up 14.9%.
Vale S.A. engages in the exploration, production, and sale of basic metals in Brazil and internationally. The company is also involved in fertilizers, logistics, and steel businesses. Vale has a market cap of $93.13 billion and is part of the
industry. The company has a P/E ratio of 4.2, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 14.8% year to date as of the close of trading on Friday. Currently there are six analysts that rate Vale a buy, one analyst rates it a sell, and five rate it a hold.
TheStreet Ratings rates Vale as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Vale Ratings Report.
On the negative front,
(
), down 17.6%,
(
), down 14.3%,
China Shen Zhou Mining & Resources
(
), down 10.7%, and
(
), down 10.2%, were all losers within the basic materials sector with
(
) being today's basic materials sector loser.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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