|Bid||0.00 x 900|
|Ask||53.00 x 1200|
|Day's Range||44.01 - 44.19|
|52 Week Range||39.44 - 51.25|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.99|
|Expense Ratio (net)||0.40%|
Currently, Vale (VALE) is trading at a forward EV-to-EBITDA multiple of 4.9x, which is a discount of 23% to its past five-year average multiple. Diversified miners (GNR) Rio Tinto (RIO) and BHP Billiton (BHP) are trading at similar multiples of 5.5x and 6.1x, respectively.
Investors looking to protect portfolios against inflation often turn to Treasury Inflation Protection Securities (TIPS), but there are other ways to buffer a portfolio against rising consumer prices. Hard assets often perform well when inflationary pressures rise, a scenario that could benefit equity-based exchange traded funds such as the SPDR S&P North American Natural Resources ETF (NANR). NANR tracks the S&P BMI North American Natural Resources Index, which is a subset of the S&P Global Large MidCap Commodity and Natural Resources Index, according to State Street Global Advisors (SSgA), the third-largest U.S. ETF issuer.
On a historical basis, cyclical sectors, including materials, have been solid performers in the latter stages of the business cycle. That could spell opportunity with exchange traded funds, such as the ...
In this article, we’ll look at China’s iron ore port inventories and what they suggest for iron ore prices. The inventories at port reflect the difference between demand and supply. Usually, if iron ore isn’t used up by steel mills, it piles up at ports. Therefore, increasing inventories reflect weak demand and vice versa.