- Barrons.com•2 hours ago
Shares of Brazilian mining giant Vale (VALE) was down 4.4% in noon trading after the iron-ore mining giant reported a return to fourth-quarter profitability but a stubbornly high level of debt. The stock is among the top-ten underlying holdings in the iShares MSCI Brazil Capped exchange-traded fund (EWZ), which is down 0.4% today. The company reported a net profit in the fourth quarter of $525 million due mostly to the rise in iron ore prices, compared to a net loss of $8.57 billion a year ago, Dow Jones Newswires reports.
- Reuters•4 hours ago
Brazilian miner Vale SA expects the global price of iron ore to average above $80 per tonne in 2017, on the back of increasing steel demand and a smaller rise in new production entering the market, the company's executive director of ferrous minerals said on Thursday. "2017 will be a strong year, the demand for steel is higher than 2016 and the new supply entering the market is less than in 2016," Peter Poppinga said on a call to discuss fourth-quarter results for the world's largest iron ore producer. Poppinga said Vale estimates just 45 million tonnes of new iron ore supply will come into the seaborne market in 2017, down from 70 million tonnes last year.
- Reuters•8 hours ago
Brazilian miner Vale SA reported on Thursday net profit of $525 million for the fourth quarter, falling short of analyst expectations but reversing a heavy loss in the period a year earlier thanks to record ...
VALE : Summary for VALE S.A. American Depositary - Yahoo Finance
Vale S.A. (VALE)
NYSE - NYSE Real Time Price. Currency in USD
Add to watchlist
|Day's Range||10.66 - 11.45|
|52 Week Range||2.70 - 11.70|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-8.08|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|