5 Most Undervalued Stocks to Buy for Under $20

4. Vale S.A. (NYSE:VALE)

Number of Q4 2023 Hedge Fund Shareholders: 34

Trailing P/E Ratio: 6.45

Latest Share Price: $11.80

Vale S.A. (NYSE:VALE) is a sizeable Brazilian metals mining company that primarily deals with iron ore. 2024 is shaping up to be a crucial year for the firm as it is currently facing a $3.8 billion lawsuit that alleges it had a role to play in a Brazilian dam burst.

For their fourth quarter of 2023 shareholdings, 34 out of the 933 hedge funds covered by Insider Monkey’s research had invested in the firm. Vale S.A. (NYSE:VALE)s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management through its $288 million stake.

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