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 ...

Vale S.A. (VALE) shares have gained 2% following the announcement on Aug. 26 that its current chief financial officer, Gustavo Pimenta, will take over the reins of the company as the next CEO. He will replace Eduardo Bartolomeo, whose term ends on Dec. 31, 2024. Pimenta has been VALE's chief financial officer since 2021. He was chosen over 14 external candidates identified by a consulting firm entrusted with the headhunting process. This wraps up a tumultuous succession process marred by government interfer ...

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 ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced a definitive agreement under which Apollo-managed affiliates, funds and other long-term investors will invest $600 million to acquire a 50% interest in a joint venture entity related to the Vale Oman Distribution Center ("VODC") from Vale S.A. ("Vale" or the "Company"). VODC operates a maritime terminal in Sohar, Oman, with a large deep-water jetty and an integrated iron ore blending and distribution center with a nominal capacit ...

Vale S.A. (VALE) reported second-quarter 2024 adjusted earnings per share of 43 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line marked a 115% surge from earnings of 20 cents per share reported in the year-ago quarter. The improvement in earnings was attributed to higher iron ore shipments, increased copper sales, as well improved copper and iron ore prices. However, this was somewhat offset by a decline in nickel sales volumes and prices. Net operating revenues were up 3% year ov ...

Monty Rakusen/DigitalVision via Getty Images Last October I updated my view on Vale (NYSE:VALE) citing that iron ore prices were likely to remain higher for longer given that its main customer, the Chinese steel sector, was exporting its "over capacity" and maintaining a steady demand for iron ore while the supply was generally balanced. While this has been the case that I believe will continue, the stock price is down 10% (-2% with dividends) worse than its Australian peers, and suggests the market has ful ...

Now I would like to provide more color on our realized all-in premiums for the quarter. Vale has many sites and a broad product portfolio, ranging from high silica products that trade at discounts compared to the benchmark to direct reduction pellets with a 67% iron ore content. Typically, high silica products from the southern and southeastern systems are blended with Carajás to create our main product, BRBF. This is a premium product with low alumina and 5% silica content. As the average silica content na ...