- Reuters•8 hours ago
SAO PAULO/RIO DE JANEIRO, April 27 (Reuters) - Shares in Vale SA slumped the most in two weeks on Thursday, as executives signaled lackluster trends for iron ore prices this year and investors reacted to a first-quarter profit miss with disappointment. Preferred shares, world No. 1 iron ore producer Vale's most widely traded class of stock, shed as much as 4 percent. The decline thwarted a recovery in the stock that had made gains this week on expectations Vale would report a near record quarterly profit.
- Reuters•11 hours ago
The market for iron ore remains well balanced at this point, as less supply is expected and as prices tend to find support above last year's levels, executives at Vale SA said on Thursday. Vale, the world's No. 1 producer of iron ore, plans to take advantage of growing cash generation to keep reducing net debt to $15 billion to $17 billion this year, from about $25 billion at the end of last year, outgoing Chief Executive Officer Murilo Ferreira told investors during a call to discuss the company's first-quarter results.
- Reuters•16 hours ago
Vale SA, the world's largest iron ore producer, posted net income that missed estimates in the first quarter, reflecting the impact of heavy rains that hampered output in a key mine and increasing financial ...
VALE3.SA : Summary for VALE ON EJ N1 - Yahoo Finance
Vale S.A. (VALE3.SA)
Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
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|Day's Range||26.42 - 28.16|
|52 Week Range||13.66 - 37.28|
|PE Ratio (TTM)||10.39|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|