<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>巴克萊將淡水河谷（VALE）的評級從增持下調至持平，目標價為 17 美元，指出在鐵礦石價格持平的情況下，淡水河谷年初至今上漲了 35%，導致估值過高。其企業價值/息税折舊攤銷前利潤（EV/EBITDA）相對於同行的折扣目前為 10%，是自 2020 年以來的最低水平。淡水河谷當前的價格與 130 美元/噸的鐵礦石價格相符，而現貨價格為 107 美元/噸。巴克萊預計，淡水河谷在短期內的表現將面臨估值和商品價格動能的阻力</p>

Vale downgraded at Barclays as valuation gap now closed

Leverage Shares 2X Long VALE Daily ETF

由於估值差距現已彌合，淡水河谷在巴克萊被降級