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Vale S.A. (NYSE:VALE) is on track for an eight-day losing streak after declining nearly 4% over the last seven trading sessions.
Shares of the iron ore miner fell as much as 2.2% to a daily low of $14.93 on Tuesday. The stock has lost 13.6% in value in the last 12 months.
Vale has closed in the red for all trading days in January so far. In December, it closed positively for 10 out of 20 sessions.
Seeking Alpha's Quant rating system has given Vale a Hold rating with a score of 3.43 out of 5.
The Rio de Janeiro, Brazil-based company has been graded A+ for profitability and B+ for momentum, while its growth and valuation prospects have been graded F and A, respectively.
Turning to the Wall Street community, eight analysts give VALE a Strong Buy, while eight are Buy on the stock. About five analysts have given the stock a Hold recommendation, and one has rated it Sell.
Seeking Alpha analysts, on average, see the stock as a Buy. SA contributor Zoltan Ban, in their January 4 report, said that "Vale SA's stock price may see a significant decline, presenting a buying opportunity for long-term investors. Q3 results were decent, and Q4 is expected to be even better due to higher iron ore prices. A global economic slowdown could lead to increased demand for infrastructure projects, driving up the demand for steel and iron ore."