<div id="readability-page-1">Vale (VALE) trades little changed Monday as Barclays downgraded the mining giant to Equal Weight from Overweight with a $17 price target, citing the stock's 35% YTD gain while iron ore prices have remained broadly flat, a divergence the bank said has left the stock’s valuation stretched. Vale's (VALE) EV/EBITDA discount to peers including Rio Tinto...</div>

淡水河谷

VALG

<p>巴克莱将淡水河谷（VALE）的评级从增持下调至持平，目标价为 17 美元，指出在铁矿石价格持平的情况下，淡水河谷年初至今上涨了 35%，导致估值过高。其企业价值/息税折旧摊销前利润（EV/EBITDA）相对于同行的折扣目前为 10%，是自 2020 年以来的最低水平。淡水河谷当前的价格与 130 美元/吨的铁矿石价格相符，而现货价格为 107 美元/吨。巴克莱预计，淡水河谷在短期内的表现将面临估值和商品价格动能的阻力</p>

Vale downgraded at Barclays as valuation gap now closed

Leverage Shares 2X Long VALE Daily ETF

由于估值差距现已弥合，淡水河谷在巴克莱被降级