MiningWith the importance of lithium for energy storage becoming clear to investors, bargain stocks have crept towards mainstream levels. However, there are opportunities to be found with complementary stocks, especially those backed by companies that produce other key metals used for Lithium-Ion batteries. Vale S.A. (NYSE: VALE) is one of these opportunities. The company mines iron ore, manganese, nickel, copper, and aluminum.

Nickel is a metal used extensively in batteries for electric cars, smartphones, solar energy storage, and consumer devices. Nickel helps battery developers to increase energy density and efficiency at a reasonable cost. This stock could see a strong upside as the demand for batteries grows. Because Vale also produces iron ore and aluminum, it already has exposure to lucrative industries like automotive manufacturing.

Vale is a solid revenue performer, having generated top-line growth for five consecutive years. In 2019, revenue increased by 10.53% while gross income increased by 21.26%. It is profitable with a gross margin of 42.49%. Analysts predict an upside over today’s price with an average target of $15.73. For bargain investors looking for more electric vehicle and battery exposure, this is a pick to consider.

Key Data:

  • 1 Year Price Growth: 12%
  • YTD Price Growth: -6.06%
  • 3 Month Price Growth: 54%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.