- Market Realist•4 hours ago
After falling for eight consecutive trading days, copper prices were stable in the early hours of Friday, October 21, 2016.
Shares of Brazilian mining giant Vale (VALE) are up more than 2% today after it reported a rise in iron ore production. Dow Jones Newswires reports that the stock was upgraded to Outperform from Market Perform by analysts at Itau BBA and explains the stock movement: Vale's third quarter iron-ore production rose 1.5% year-over-year, above expectations. Here's the take from analysts at AB, formerly Alliance Bernstein: "Iron ore production was up 6.1% QoQ but flat YoY (including Samarco, while excluding Samarco production is up 1.5%) though still beat our estimates for the quarter (+3.5% vs. Bernstein).
Rio Tinto plc (RIO)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||33.05 x 700|
|Ask||33.06 x 1300|
|Day's Range||32.47 - 33.15|
|52wk Range||21.89 - 38.66|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||1,500.23|
|Avg Vol (3m)||3,562,440|
|Dividend & Yield||1.51 (4.64%)|