Company Of The Day: Vale
What?
Mining giant Vale (NYSE:VALE) posted a stronger than expected set of Q4 2021 results, with net profits surging to $5.4 billion, up from around $739 million in the year-ago quarter. However, revenue declined about 10% year-over-year to $13.1 billion.
Why?
While the rise in reported net profits was driven primarily by the reclassification of cumulative foreign exchange gains, revenues are being impacted by weaker price realizations for iron ore – the company’s main product.
So What?
Vale stock gained about 1% in after-hours trading on Thursday.
See Our Complete Analysis For Vale
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| VALE Return | 12% | 22% | 124% |
| S&P 500 Return | -5% | -10% | 92% |
| Trefis MS Portfolio Return | -3% | -12% | 246% |
[1] Month-to-date and year-to-date as of 2/25/2022
[2] Cumulative total returns since the end of 2016