Core Viewpoint - Vale S.A. is anticipated to report declines in both revenue and earnings for the fourth quarter of 2024, with significant decreases compared to the previous year [1][4]. Financial Estimates - The Zacks Consensus Estimate for Vale's sales is $10.08 billion, reflecting a 23% decrease from the same quarter last year [4]. - The consensus estimate for earnings has decreased by 13% over the past 60 days to 53 cents per share, indicating a 5.4% year-over-year decline [4]. Earnings Surprise History - Vale has missed the Zacks Consensus Estimate in two of the last four quarters and exceeded it in the other two, resulting in an average negative surprise of 0.98% [5]. Production and Sales Performance - Iron ore production was approximately 85 million tons (Mt), down 4.6% year-over-year, as the company focuses on higher-margin products [7]. - Pellet production decreased by 7% year-over-year to 9.2 Mt, while total iron ore sales fell by 10% to 81.2 Mt [8]. - The average realized price for iron ore fines was $93 per ton, down 21.4% year-over-year, and for pellets, it was $143 per ton, down 12.5% [9]. Nickel and Copper Sales - Nickel sales were recorded at 47.1 thousand tons (kt), down 1.7% from the previous year, but above the consensus estimate of 45 kt [9]. - Copper sales reached 99 kt, a 1.5% increase year-over-year, although it fell short of the Zacks Consensus Estimate of 100 kt [10]. - The average realized price for copper operations was $9,187 per ton, up 15.7% year-over-year [10]. Revenue Drivers and Cost Pressures - Overall revenues are expected to benefit from higher copper sales volumes and prices, but this is likely offset by lower sales volumes and prices for iron ore and nickel [11]. - The company has faced rising input costs, particularly for diesel and freight, which have pressured margins, although cost-control measures may mitigate some of this impact [11]. Earnings Prediction Model - The current model does not predict an earnings beat for Vale, with an Earnings ESP of -14.69% and a Zacks Rank of 3 (Hold) [12][13]. Stock Performance - Over the past year, Vale's shares have declined by 28.8%, slightly worse than the industry's decline of 28.5% [14].

VALE S.A. (VALE) closed the most recent trading day at $9.56, moving +0.95% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.67%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.98%.The the stock of company has risen by 11.41% in the past month, leading the Basic Materials sector's gain of 6.91% and the S&P 500's gain of 2.07%.Market participants will be closely following the financial results of VALE S.A. in its upcoming rel ...

Core Viewpoint - Vale S.A. reported a decline in iron ore production for Q4 2024, primarily due to a strategic shift towards higher-margin products, while overall production for the year met guidance and showed an increase compared to 2023 [1][2][5]. Iron Ore Production and Sales - Q4 2024 iron ore production was approximately 85 million tons, down 4.6% year-over-year, but full-year production reached 328 million tons, a 2% increase from 2023, marking the highest output since 2018 [1][2][5]. - The S11D mine achieved record production of 23.7 million tons in Q4, while the Brucutu site also saw its highest quarterly production since 2019 due to the commissioning of a new processing line [2]. - Iron ore fines sales in Q4 declined 10% year-over-year to 69.9 million tons, with total iron ore sales down 10% to 81.2 million tons, attributed to portfolio optimization [4][5]. Pellet Production - Pellet production decreased by 7% year-over-year to 9.2 million tons in Q4, mainly due to maintenance activities at the Vargem Grande plant, while full-year pellet production was up 1.2% to 36.9 million tons [3]. Copper Operations - Copper production in Q4 was 101.8 thousand tons, a 2.7% increase year-over-year, driven by enhanced performance at Salobo mines [6]. - Copper sales for Q4 rose 1.5% to 99 thousand tons, with full-year production up 6.6% to 348.2 thousand tons, exceeding guidance [7]. Nickel Production - Nickel production increased by 1.3% year-over-year to 45.5 thousand tons in Q4, while full-year production was down 3% to 159.9 thousand tons [9][10]. - Nickel sales decreased by 1.7% in Q4 to 47.1 thousand tons, with the average realized nickel price down 12% year-over-year [9]. Financial Performance - The average realized price for iron ore fines in Q4 was $93 per ton, down 21.4% year-over-year, while the average for 2024 was $95.3 per ton, an 11.8% decrease from 2023 [5]. - The Zacks Consensus Estimate for Vale's Q4 revenues is $10.03 billion, indicating a 23% year-over-year decline [11]. Future Guidance - Vale expects iron ore production in 2025 to be between 325-335 million tons, with copper production projected at 340-370 thousand tons and nickel output between 160-175 thousand tons [12].

In the latest trading session, VALE S.A. (VALE) closed at $8.98, marking a +0.45% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.88%. Elsewhere, the Dow gained 1.24%, while the tech-heavy Nasdaq added 0.65%.The the stock of company has by 0% in the past month, lagging the Basic Materials sector's gain of 1.03% and the S&P 500's gain of 1.17%.Investors will be eagerly watching for the performance of VALE S.A. in its upcoming earnings disclosure. The company is e ...

After a poor performance, Vale (NYSE: VALE ) has reached the level of being “only” the 5th largest company in Brazil. Vale's contraction is not unjustified, there are macroeconomic problems in Brazil that require a higher equity risk premium, and the entire iron oreEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential.Associated ...

Shares of Vale S.A (VALE) hit a 52-week low of $8.38 yesterday to close the session a tad higher at $8.51.The stock has been in the red territory for a while now, having declined 42.5% over a year. VALE has also underperformed the broader Zacks Basic Materials sector’s 8.3% decline and the S&P 500’s climb of 22.9%.VALE Stock’s 1-Year Price Performance Versus Sector & S&P  Image Source: Zacks Investment Research The downtrend in iron ore prices has been reflected in VALE’s share price movement. Weak demand i ...

Company Overview - Vale (NYSE: VALE) stands out among iron ore producers due to its unique operational advantage as a low-cost producer, enabling the company to maintain profitability even in challenging market conditions [1] Analyst Perspective - The analysis is provided by a researcher and operations manager at DM Martins Research, with a focus on foreign equities, particularly emerging markets, to support informed investment decisions [1] Disclosure - The analyst holds a beneficial long position in Vale through stock ownership, options, or other derivatives, and the article reflects the analyst's personal opinions without external compensation [2] - Seeking Alpha emphasizes that past performance does not guarantee future results and that the views expressed may not represent the platform as a whole [3]

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Group 1 - The recommendation is to buy Vale (NYSE: VALE) shares following the release of its 3Q24 results, indicating a positive outlook for the company [1] - The report serves as a continuation of a previous thesis for starting coverage on Vale, highlighting the analyst's long-term experience in equity analysis in Latin America [1] Group 2 - The analysis emphasizes the importance of in-depth research and insights for informed investment decisions, suggesting a focus on providing valuable information to clients [1]

Operational Performance & Safety - Vale's upstream dam decharacterization program is 53% complete[9] - Dams at emergency level decreased significantly: Level 3 down 54%, Level 2 down 71% since 2020[16] - Iron ore production increased by 6% to 91 Mt in 3Q24[20] - Pellet production increased by 13% to 10 Mt in 3Q24, the highest since 3Q19[20] - Sudbury ore mined increased by 20% to 730 kt in 3Q24[22] Financial Performance - Proforma EBITDA for 3Q24 was US$3741 million[25] - Iron ore fines C1 cash cost was US$20.6/t in 3Q24[26] - Copper all-in costs decreased to US$2900/t in 3Q24[28] - Nickel all-in costs decreased to US$15000/t in 3Q24[28] - Free cash flow was US$1600 million in 3Q24, with US$1586 million paid in interest on capital to shareholders and US$20 million in share buyback[30] Samarco Settlement - A definitive agreement was signed for R$170 billion related to the Samarco dam failure[23] - R$38 billion has already been disbursed in 42 compensation programs, compensating over 446000 people[23] - Vale provisioned US$47 billion, including an additional US$10 billion in 3Q24, for the Samarco agreement[32]