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blue-chip

Update on this NYSE-Listed Steel at Resistance Levels – Vale SA

Apr 04, 2025 | Team Kalkine
Update on this NYSE-Listed Steel at Resistance Levels – Vale SA
Image source: shutterstock

VALE:NYSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Company Overview: Vale SA, (NYSE: VALE) formerly Companhia Vale do Rio Doce, is a Brazil-based metal and mining company which is primarily engaged in producing iron ore and nickel. The Company also produces iron ore pellets, copper, platinum group metals (PGMs), gold, silver and cobalt. Vale is engaged in greenfield mineral exploration in five countries and operates logistics systems in Brazil and other regions in the world, including railroads, maritime terminals and ports, which are integrated with mining operations.

As per our previous US Dividend Income Report published on ‘VALE’ on 10th February 2025, Kalkine provided a ‘Buy’ stance on the stock at USD 9.97, based on decent fundamental, higher shareholder return, associated risk, higher topline financial, and profitability metrics.

Current Macro and company specific rationales:

Noted below are the details of support and resistance levels provided in our previous report:

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