Forecast Of The Day: Vale’s Average Realized Iron Ore Price Per Ton
What?
Vale’s (NYSE:VALE) Average Realized Iron Ore Price Per Ton rose from around $87 in 2019 to $139 in 2021. Trefis expects the metric to decline to about $102 by 2023.
Why?
While prices surged through the Covid-19 pandemic, amid a supply crunch, we expect a weak global economy to weigh on prices in the near term.
So What?
We value Vale stock at $20.50 per share, which is about 20% ahead of the current market price.
See our complete analysis for Vale
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | Jan 2023 MTD [1] |
2023 YTD [1] |
2017-23 Total [2] |
| VALE Return | 1% | 1% | 124% |
| S&P 500 Return | -1% | -1% | 70% |
| Trefis Multi-Strategy Portfolio | 1% | 1% | 216% |
[1] Month-to-date and year-to-date as of 1/6/2023
[2] Cumulative total returns since the end of 2016
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