One of the largest iron ore producers in the world, Vale’s (VALE) shares have plunged significantly from its 52-week high of $23.18, which it hit on June 25, 2021. The stock’s solid financials could make it a smart move to purchase the decline. Read on for details.Headquartered in Rio de Janeiro, Brazil, Vale S.A. (VALE) is one of the largest iron ore, pellets, and nickel producers. Over the years, there have been many problems for Vale S.A. (VALE). The company stopped the production at Salobo’s Salobo Mine on October 5. VALE was required to compensate each family of the 131 victims of the 2018 collapse of a dam mining. This order was made by Judge Vivianne Celia Ferreira Ramos Correa in June 2021. Consequently, the stock has lost 39.4% since hitting its 52-week high of $23.18 on June 25, 2021, to close yesterday’s trading session at $13.74.

Over the last year, it has experienced a 27.8% increase in stock price. Over the last three years, its revenue and earnings have increased at CAGRs 35.7% and 74.77% respectively. VALE received $7.60 Billion in dividends for the first half, which was its highest payout since its 2019 dam failure. In addition, the company’s top and bottom lines increased during the second quarter. So, the stock’s near-term prospects look promising.

Here are the factors that could shape VALE’s performance in the upcoming months:

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