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Is a Valuation Rerating in the Cards for Vale Stock?

Annie Gilroy
Is a Valuation Rerating in the Cards for Vale Stock?

Vale’s CFO, Luciano Siani Pires, said during Vale Day on December 6 that the company deserves a rerating of its valuation. Diversified miners (GNR) Rio Tinto (RIO) and BHP Billiton (BHP) are trading at similar multiples of 6.3x and 6.6x, respectively.