|Bid||48.00 x 200|
|Ask||0.00 x 0|
|Day's Range||49.12 - 49.66|
|52 Week Range||40.56 - 52.79|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.41%|
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 ...
China’s auto sales China’s automotive industry is the second-largest steel consumer after the real estate sector. In this part of our series on iron ore, we’ll look at recent trends…
China’s iron ore port inventory China’s iron ore port inventory reflects the commodity’s supply and demand balance. It also indicates the safety net and imbalance between iron ore supplies and steel mill…...
The third element of Elliott Funds’ "value unlock" plan for BHP Billiton (BHP) (BBL) is the adoption of a policy of consistent and optimized capital returns to shareholders.