Shares of global mining powerhouse Vale SA (NYSE: VALE) are trading lower in the afternoon session on Tuesday, May 28th. As of 2:04 PM GMT-4, VALE stock is priced at 0.14, or 1.52%, for the day.
The mining company’s stock opened the trading day at $9.46, which also marked its intraday high. This was slightly below its previous closing price of $9.54. Throughout the session, Vale shares have seen some downward pressure, touching an intraday low of $9.33 before settling at their current trading level.
Key financial data for Vale SA includes a market capitalization of 4.27KCr and a Price-to-Earnings (P/E) ratio of 7.20. The company also offers a notable dividend yield of 8.88%, which often attracts income-seeking investors.
Over the past year, Vale’s shares have traded within a range, with a 52-week high of $12.26 and a 52-week low of $8.06. Market participants will be watching how Vale’s stock performs for the remainder of the session, considering its role in the global commodities market.
