10 Oversold Value Stocks To Buy Right Now

4. Vale S.A. (NYSE:VALE)

Year-to-Date Decline: 36.60% 

Forward PE: 5.06

Number of Hedge Fund Holders: 41

Vale S.A. (NYSE:VALE) is a global company practicing sustainable mining and has a presence in 20 countries. It was founded in 1942 as Companhia Vale do Rio Doce. Since the first ore was extracted in Itabira, Minas Gerais, the firm started working in logistics, through its railroads, ports, and terminals, in energy and in steel making. Vale operates through segments including Iron Ore Solutions and Energy Transition Metals.

Vale pioneered the world as a global mining company. The firm serves as the largest producer of iron ore, pellets, and nickel while simultaneously having operations in manganese, ferroalloys, copper, gold, silver, and cobalt. Therefore, the firm’s core business is an essential activity for the world with iron ore, nickel, and copper used in everyday life. Additionally, the firm has created a logistics network that is part of mines, railroads, ships, and ports. Other than its products, Vale carries cargo to third parties and offers two passenger train lines in Brazil thereby serving as the largest exporter of mineral abroad.

During the third quarter, operational and sales performance improved across all business segments of Vale S.A. (NYSE:VALE). The firm’s iron ore production reached its highest levels in more than five years. While pellet production remains at peak since 2019, copper and nickel production is progressing well. Vale reported major business highlights, with the commissioning of the Vargem Grande 1 project’s wet processing operations started in September, completion of the joint venture transaction with Apollo, and mechanical completion achieved by the second underground mine of the Voisey’s Bay Mine Extension project.

Hence, Vale S.A. (NYSE:VALE) has a strong foothold in mining alongside a solid logistics infrastructure integrating high-quality ore extraction and its transportation by ship, rail, and port to distribution centers. As of Q3, the stock is held by 41 hedge funds.