VALE INDONESIA sees an upgrade to Slightly Positive due to a better fundamental star rating
The general evaluation of VALE INDONESIA (ID), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 11, 2022, the closing price was IDR 4,250.00 and its potential was estimated at IDR 5,715.62.P.T. Vale Indonesia is engaged in the production of nickel in matte, a product used in making refined nickel. Co. operates integrated lateritic nickel mining and processing operations, located near Sorowako on the Island of Sulawesi in the Republic of Indonesia. Co.'s business operations consist of mining and processing ore to nickel in matte product, which is sold pursuant to its sales agreements.
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