Forecast Of The Day: Vale’s Nickel Shipments

+33.24%
Upside
15.78
Market
21.03
Trefis
VALE: VALE logo
VALE
VALE

What? 

Vale’s (NYSE:VALE) Nickel Shipments declined from around 225,000 tons in 2019 to 211,000 tons in 2020. Trefis expects the metric to rise to around 222,000 tons in 2021 and 228,000 tons in 2022.

Why?

Relevant Articles
  1. Forecast Of The Day: Vale’s Average Realized Iron Ore Price Per Ton
  2. Is Vale Stock A Buy As Iron Ore Prices Rise?
  3. What’s Happening With Vale Stock?
  4. Trading At A Mere 4x Earnings, Is VALE Stock A Buy?
  5. Why Did VALE Stock Decline Sharply In Recent Weeks?
  6. Company Of The Day: Vale

While the decline in 2020 was partly due to Covid-19, Vale has also reduced its nickel output versus historical levels, as it plans to raise production when prices realizations become more favorable.

So What?

We think Vale stock is meaningfully undervalued. We value Vale at about $20 per share, about 70% ahead of the market price.

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 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates