In the latest trading session, VALE S.A. (VALE) closed at $16.95, marking a -0.06% move from the previous day.
Vale (VALE) witnesses a 10% sequential decline in iron ore output in Q4 due to higher rainfall. The company provides iron ore production guidance for 2023 at 310-320 million tons.
According to the average brokerage recommendation (ABR), one should invest in VALE S.A. (VALE). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?