Vale SA (VALE) stock underwater after dam collapse

 

Shares of Vale SA (VALE) stock are underwater today following news that the mining company experienced a dam break in southeastern Minas Gerais, Brazil. The rupture caused mudslides in surrounding areas, causing local evacuations. 

Vale SA is down -7.47% while the S&P 500 has risen 0.91% as of 11:45 AM on Friday, Jan 25. VALE stock has fallen -$1.11 from the previous closing price of $14.86 on volume of 57,149,647 shares. Over the past year the S&P 500 is lower by -6.09% while Vale SA has risen 6.18%. VALE earned $1.03 a share in the most-recent quarter, giving it a price-to-earnings ratio of 12.64.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives VALE a score of 54 out of a possible 100. That score is based on three component scores. A fundamental score of 19, a long-term technical score of 81 and a short-term technical score of 63. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Meanwhile, the major indices are higher. The NASDAQ is up 1.24% to 7,161.11. The Dow Jones Industrial Average has risen 0.95% to 24,786.10. The S&P 500 is up 0.91% to 2,666.36.

Symbols: VALE

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