The Brazilian mining giant Vale SA VALE announced its commitment to significantly boost copper production under its new CEO, Gustavo Pimenta. Pimenta, a former CFO who became CEO after a turbulent succession process, spoke to the media for the first time in his new role. He acknowledged that Vale has "fallen behind on copper " compared to industry peers but plans to close that gap, Bloomberg reported. This year, Vale expects to produce between 320,000 and 355,000 metric tons of copper — well below the outpu ...

Core Insights - Vale, one of the world's largest iron ore producers, has seen its shares decline by approximately 20% since the beginning of September, indicating a significant drop in market performance [1] Company Analysis - The company has a long-term bullish outlook despite recent share price declines, suggesting potential recovery or growth opportunities in the future [1] - The analysis is conducted by a researcher and operations manager at DM Martins Research, indicating a professional background in financial analysis [1] Market Context - The article reflects on the broader market conditions affecting Vale, particularly in the context of iron ore production and pricing trends [1]

VALE S.A. (VALE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this company have returned +4.4%, compared to the Zacks S&P 500 composite's +1.7% change. During this period, the Zacks Mining - Iron industry, which VALE falls in, has gained 6.9%. The key question now is: What could be the stock's future direction? While media releases or rumors ab ...

VALE S.A. (VALE) closed the most recent trading day at $10.53, moving -0.47% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.31%. The the stock of company has risen by 1.93% in the past month, leading the Basic Materials sector's gain of 1.45% and the S&P 500's gain of 1.57%. Market participants will be closely following the financial results of VALE S.A. in its upcoming re ...

Vale S.A. (VALE) raised its 2024 production guidance for iron ore. The company also reported progress in negotiations related to the Samarco dam disaster with a settlement expected in October. The iron ore miner has started wet processing operations at the Vargem Grande 1 Project. These developments have contributed to a 6% increase in Vale's share price. VALE Projects Y/Y Increase in Iron Ore Output in 2024 The iron ore miner expects iron ore production of 323-330 Mt for 2024. The updated guidance indicate ...

VALE S.A. (VALE) closed the latest trading day at $10.52, indicating a -0.28% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.01%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 1.13%. Shares of the company witnessed a gain of 0.67% over the previous month, trailing the performance of the Basic Materials sector with its gain of 0.78% and the S&P 500's gain of 2.5%. The investment community will be closely monitoring the pe ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about VALE S.A. (VALE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. VALE currently has an average ...

A BOOK THE PERSONAL PROPERTY T P th the first 47 I 417 H Maksym Isachenko Investment Thesis The share price of Vale S.A. (NYSE:VALE), the world's largest iron ore producer, is down 30% year to date, from about $15.70 to $10.89 as of August 27. Declining iron ore prices, from which more than 80 percent of Vale's revenues derive, amid uncertainty regarding future Chinese demand, have contributed to this fall. Additionally, a lengthy leadership battle, which included attempts by the government to intervene, ha ...

Vale S.A (VALE) shares have plunged 34.3% in the year-to-date period, underperforming the broader Zacks Basic Materials sector's 4.5% decline and the S&P 500's climb of 16.8%. The downtrend in iron ore prices has been reflected in its share price movement. China's property crisis has weighed on demand for the steel-making ingredient. Beside low iron ore prices, Vale has been grappling with elevated input costs, particularly freight. VALE's YTD Price Performance Versus Sector & S&P Zacks Investment Research ...

VALE S.A. (VALE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned -2.5%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Mining - Iron industry, which VALE falls in, has lost 4.5%. The key question now is: What could be the stock's future direction? While media releases or rumors about a sub ...