|Bid||48.73 x 500|
|Ask||53.00 x 100|
|Day's Range||51.07 - 51.42|
|52 Week Range||40.56 - 52.79|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.41%|
During Vale Day on December 6, 2017, Vale (VALE) CFO (chief financial officer) Luciano Siani Pires said that the company deserves a valuation re-rating due to its improved predictability, transparency, and better governance practices. Currently, Vale has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 5.7x, 10.0% lower than its five-year average.
Vale’s CFO, Luciano Siani Pires, said during Vale Day on December 6, 2017, that the company deserves a rerating of its valuation. Currently, Vale (VALE) has a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 6.2x, which is a discount of 3.1% to its past five-year average multiple.
Miners (GNR) producing high-grade ore—such as Rio Tinto (RIO), Vale (VALE), and BHP (BHP)(BBL)—are enjoying higher premiums.
Vale’s CFO (chief financial officer) Luciano Siani Pires said during Vale Day on December 6, 2017, that the company deserves a rerating of its valuation.
It's important for investors to keep tabs on iron ore port inventories in China. Inventory levels show the balance between demand and supply for iron ore.
Vale (VALE) now has a forward EV-to-EBITDA multiple of 5.4x. This implies a discount of 24.0% to its past five-year average multiple.
Of the 18 analysts covering BHP Billiton (BHP), ten of them have issued a “buy” rating. Six of them have given BHP a “hold.”
Currently, Vale (VALE) has a forward EV-to-EBITDA multiple of 4.3x, ~40% lower than its last-five-year average multiple.
China’s iron ore port inventory shows the steelmaking commodity's (GNR) demand and supply balance. It also measures the imbalance between supply and steel mill demand.
A major factor impacting mining companies' revenues and earnings is commodity price—especially for iron ore—and analysts' ratings take cues from prices.
China’s iron ore port inventory reflects supply and demand. It also indicates the safety net and imbalance between iron ore supplies and steel mill demand.
Vehicle sales in China, including trucks and buses, fell 2.2% YoY (year-over-year) to 2.1 million in April 2017.
During its 1Q17 earnings call, the market will look for ArcelorMittal’s commentary on the steel price outlook.
When investors think of asset classes used for inflation protection, one of the primary destinations are Treasury Inflation Protection Securities (TIPS). Indeed, data suggest investors have been putting ...