VALE - Vale S.A.

NYSE - NYSE Delayed Price. Currency in USD
12.12
+0.02 (+0.17%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous Close12.10
Open12.04
Bid12.12 x 47300
Ask12.13 x 28000
Day's Range11.98 - 12.18
52 Week Range10.20 - 15.45
Volume13,248,669
Avg. Volume18,533,607
Market Cap62.155B
Beta (3Y Monthly)1.14
PE Ratio (TTM)17.93
EPS (TTM)0.68
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-08-03
1y Target Est14.36
  • Hedge Funds Are Warming Up To Vale SA (VALE)
    Insider Monkey

    Hedge Funds Are Warming Up To Vale SA (VALE)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Buying Iron Ore Is Getting More Like Shopping on Amazon
    Bloomberg

    Buying Iron Ore Is Getting More Like Shopping on Amazon

    (Bloomberg) -- The world’s biggest iron ore miners are looking for novel ways of satisfying their customers and protecting market share in the $150 billion global industry.From selling through a mobile app to portside sales, the likes of BHP Group, Rio Tinto Group and Vale SA are looking for an edge with buyers of the steelmaking raw material in China, the top customer. The need to retain their business is becoming ever more critical amid forecasts that the market is around its peak.“For miners, Chinese import volumes are basically not going to grow the way they used to,” said Tomas Gutierrez, analyst at Kallanish Commodities Ltd. “Any increase in value for iron ore will come from either adding service to mills or from cutting out the traders.”Rio and rivals -- who have spent more than a decade pumping billions into expansions to keep pace with China’s fast-rising appetite for iron ore -- are now preparing for an era of slower growth and an eventual high point in the nation’s steel output.They are introducing a range of initiatives to retain existing sales and add new customers -- from Rio’s development of a mobile app, to portside sales, and selling directly from China’s ports in yuan instead of shipping cargoes from Australia or Brazil that are sold in dollars.New Strategies“Our China portside customers will be able to order via a mobile app,” Rio’s Chief Commercial Officer Simon Trott told an investor seminar in October. “You can order a few tons of ore, in the same way you’d place an order on Amazon.”Rio has started portside sales, while BHP also has been testing “spot sales during transport to China as well as sales in smaller quantities with shorter lead times from bonded stockpiles in China,” Rod Dukino, vice president for sales and marketing iron ore, said at a conference in September.Selling at ports allows miners to blend different types of ore, and means “more money in the miners’ pockets,” according to UBS Group AG managing director and global head of mining, Glyn Lawcock. “We have seen over the last few years increasing sales to traders and now the miners are clawing back some of that lost margin essentially.”In particular, the use of the Chinese yuan is a breakthrough for an industry dominated by the dollar. For mills, this eliminates currency risks. For miners, this broadens their customer base and again cuts out the traders, said Lawcock.In June, Fortescue Metals Group Ltd. set up a sales office in China, offering direct supply of smaller volumes in the yuan. “This represents a new sales channel for Fortescue to complement our existing seaborne trade,” Chief Executive Elizabeth Gaines said in an email.BHP sees “huge potential in the digitization of our post-trade processes across our portfolio, both for customers and suppliers alike, through increased visibility and traceability of goods” Dukino said in an email.Large and medium-sized steel mills in China generally support the miners’ new sales strategies, according to a survey by Bloomberg of five executives at mills and industry groups.“As producers get closer to a diverse range of end customers, they understand their needs more, to facilitate an evolution in interaction and even digitalization,” according to Andrew Glass, founder of Avatar Commodities Pte and formerly head of iron ore financial trading at Anglo American Plc.Still, launching new sales channels also has its risks, and companies need to be mitigating them at the same time as extending their supply chain, Glass warned.Tight RaceThe initiatives follow similar strategies adopted by Vale since 2015. The Brazilian miner, which is still grappling with the effects of a fatal dam disaster earlier this year, blends and sells from 16 ports in China. It also has a center in Malaysia, where ore can be stored and blended.In the first for a foreign miner, Vale signed a deal with a Chinese steel mill based on prices of iron ore futures on the Dalian Commodity Exchange.While Vale has had a headstart in sales efforts, Rio is catching up, according to Kallanish’s Gutierrez. “Now that the port stock market is more developed, and the sales mechanisms are developed, then all the miners will need to compete in this area.”“The enhancement of having things like port stocks and port trade allows flexibility, and allows smaller parcel deliveries to customers,” Rio’s iron ore Chief Executive Officer Chris Salisbury said in a interview last week.\--With assistance from David Stringer, Winnie Zhu and Alfred Cang.To contact the reporter on this story: Krystal Chia in Singapore at kchia48@bloomberg.netTo contact the editor responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-Vale to exit New Caledonia, eyes Indonesia to boost nickel output

    Brazil's Vale SA plans to exit its troubled New Caledonia assets but still aims to ramp up nickel output ahead of rising demand for electric batteries, executives said on Wednesday. The planned divestment of nickel operations in New Caledonia comes after Vale said last month it would write down the mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter. A year ago, the world's top nickel producer unveiled plans to invest $500 million in the mine after failing to find a partner for the operation.

  • Benzinga

    Bad news, Good News For Dry Bulk Shipping

    Dry bulk is the world's largest ocean shipping sector by volume, and the most important dry bulk trade lane is Brazil-to-China iron ore, driven by the production of Brazilian miner Vale (NYSE: VALE). On Nov. 11, Vale estimated that its full-year 2019 iron-ore sales would be 307-312 million tons, fourth-quarter 2019 (4Q19) sales would be 83-89 million tons and 1Q20 sales would be 70-75 million tons. The Brucutu mine was the site of a tragic collapse of a tailings dam in January that killed hundreds of local residents and closed the Brucutu mine for much of the first half of last year.

  • Vale to Lower Output at Brucutu for 2 Months, Cuts Q1 Guidance
    Zacks

    Vale to Lower Output at Brucutu for 2 Months, Cuts Q1 Guidance

    Vale S.A (VALE) trims production and sales guidance for first-quarter 2020, as the company will lower its Brucutu-mine output for one-two months.

  • Investing.com

    Steel Companies Jump After Trump Hits Brazil and Argentina with Tariffs

    Investing.com - Steel and mining companies were higher in midday trade on Monday after U.S. President Donald Trump said he was re-implementing steel tariffs on imports from Brazil and Argentina.

  • Vale Sees $1.6B Charge for Base Metal & Coal Business in Q4
    Zacks

    Vale Sees $1.6B Charge for Base Metal & Coal Business in Q4

    Vale (VALE) will write down Caledonian assets and incur a non-cash impairment charge of about $1.6 billion in fourth-quarter 2019.

  • Vale to Shutter Mozambique Coal Operations for 3 Months
    Bloomberg

    Vale to Shutter Mozambique Coal Operations for 3 Months

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterVale SA, the Brazilian mining giant, plans to place its Mozambican coal operations on maintenance for three months, essentially closing the tap on about one-third of the southeast African country’s export earnings.The move could have severe implications for the country’s balance of payments and currency, as coal is by far its biggest source of export earnings. Mozambique exported $1.7 billion worth of the fuel used in power stations and steel plants last year, with Vale operations in the center of the country accounting for almost all of that.The company completed a review of its Mozambican coal mines and decided to shift the focus to producing more metallurgical coal -- used to produce steel -- and less of the lower-value product that power stations burn. Under the new plan, the assets will produce at a rate of 15 million tons per year by the end of 2020, up from less than 12 million tons last year, but still well short of Vale’s target to export 22 million tons from the mines in central Mozambique.Vale will this quarter write down the assets by $1.6 billion, it said in a statement.To contact the reporter on this story: Matthew Hill in Maputo at mhill58@bloomberg.netTo contact the editors responsible for this story: Gordon Bell at gbell16@bloomberg.net, Hilton Shone, Rene VollgraaffFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down

    Brazilian miner Vale SA , the world's top nickel producer, will write down its New Caledonia mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter, the company said on Tuesday in a securities filing. Vale said its annual assets review of its base metals and coal business is still underway and further impairments charges that would also impact fiscal year 2019 cannot be ruled out. The $3 billion value of the New Caledonia operation will be reduced by $1.6 billion, Vale said.

  • Benzinga

    What Brazil's New Political Party Means For Investors

    The iShares MSCI Brazil Index (NYSE: EWZ ) is up 2% in the past week as far-right President Jair Bolsonaro announced he would be leaving his right-wing Social Liberal Party (PSL) and launching his own ...

  • Reuters

    Vale returns looking for low-cost debt after Brumadinho tragedy

    The insatiable appetite to lend to Latin America’s blue-chip corporations may allow Brazilian miner Vale SA to return to the loan market and borrow US$3bn to refinance debt at ultra-low rates, only 10 months after a dam disaster that left the country reeling. In January, following the collapse of a tailings dam at an iron ore mine in the Brumadinho region, Vale pulled back on original plans to refinance debt. Ten months and a public relations debacle later, a surfeit of lenders, including relationship banks with established ties to the miner and new lenders looking to forge a bond with one of Latin America’s most frequent borrowers, are expected to flock to the transaction.

  • Reuters

    UPDATE 1-Proposed standards for mining waste dams draw concerns from industry trade group

    The world's largest mining trade group said on Monday it has concerns with global standards for mining waste dams being crafted by an independent panel of academics and engineers, especially how the new rules will apply equally to new and existing facilities. The public lobbying of an ostensibly neutral process is likely to rankle environmentalists, indigenous groups and others who have long demanded miners do more to bolster safety at tailings dams, which are used to store the muddy detritus of the mining process and can be dozens of meters high. Public trust in the industry has plunged since a Brazil tailings dam owned by Vale SA collapsed last January, killing hundreds.

  • The Zacks Analyst Blog Highlights: Walt Disney, Wells Fargo, Vale, Shopify and TELUS
    Zacks

    The Zacks Analyst Blog Highlights: Walt Disney, Wells Fargo, Vale, Shopify and TELUS

    The Zacks Analyst Blog Highlights: Walt Disney, Wells Fargo, Vale, Shopify and TELUS

  • Vale Banks on Low Debt & Cost Control Amid Brumadinho Impact
    Zacks

    Vale Banks on Low Debt & Cost Control Amid Brumadinho Impact

    Vale S.A (VALE) is also likely to gain from investment in projects, lower debt and focus on introducing more high-quality ore in the market.

  • Reuters

    Vale uses Dalian iron ore price to ink spot supply deal with China steelmaker

    Brazilian miner Vale SA has signed a physical iron ore spot deal to supply a Chinese steel firm using the Dalian Commodity Exchange (DCE) iron ore price, the bourse said in a statement on Thursday. The deal comes as China aims to play a more muscular role in pricing for the steel-making ingredient, as well as in global derivatives markets, and is the first time an international miner has used a Chinese mainland iron ore futures price for a spot physical trade.

  • Top Research Reports for Disney, Wells Fargo & Vale
    Zacks

    Top Research Reports for Disney, Wells Fargo & Vale

    Top Research Reports for Disney, Wells Fargo & Vale

  • Benzinga

    Dry Bulk Extends Slide As Vale Shaves Iron-Ore Forecast

    It has certainly been a tumultuous year for dry bulk. Rates are now just over half the levels seen in early September and back to where they were in late June, and iron-ore giant Vale (NYSE: VALE) has just cut its sales forecast, dealing dry bulk another blow. The most important market for Capesizes — bulkers with capacity of 100,000 deadweight tons (DWT) or more — is the iron-ore trade from Brazil to China.

  • Reuters

    EMERGING MARKETS-Chile's peso leads Latam FX lower; stocks retreat

    Chile's peso weakened 1.4%, falling for the fourth straight session and leading declines among Latam currencies. The currency has lost around 5% over the last three weeks amid massive local protests, which among other demands, have called for a revision to the Chilean constitution. In Bolivia, President Evo Morales stepped down after weeks of protests over a disputed Oct. 20 election, as a report from the Organization of American States revealed serious irregularities in the ballot.

  • Reuters

    UPDATE 1-Brazil court says could annul Vale acquisition of Ferrous Resources

    A federal court in Brazil said it could annul Vale SA's acquisition of midsize iron ore miner Ferrous Resources until certain environmental compliance documents have been provided, giving the company 30 days to do so, according to a decision seen by Reuters on Wednesday. A Vale spokeswoman said the iron ore miner had not been informed of the decision and that it would adopt "appropriate measures" at the proper time. It said at the time the halt did not affect the Viga mine and that the documents issue did not suggest any problems with the mine's tailings dam - a sensitive topic for Vale since the collapse of one of its mining dams killed at least 250 people in January.

  • Reuters

    CORRECTED-Brazil's Samarco to resume $4 bln debt restructuring talks - sources

    A Brazilian mining joint venture between Vale SA and BHP Group Plc, paralyzed after a fatal dam collapse, is expected to resume talks to restructure $4 billion in defaulted debt in coming weeks, two sources with knowledge of the matter said. The venture, Samarco Mineracao SA, last month won permission to resume operations at its Germano iron ore mine, four years after a dam burst in the city of Mariana, in Minas Gerais state, that killed 19 people and contaminated rivers. Vale is being advised in the talks by Moelis & Co, BHP Plc by Rothschild, and Samarco by JPMorgan Chase & Co , according to the sources.

  • Reuters

    UPDATE 2-Vale to open shuttered Alegria mine, starting to restore lost output

    In a securities filing, the company said the resumption of mining activities at Alegria will allow the iron ore exporter to restore 8 million tonnes of 50 million in capacity lost after the collapse of its Brumadinho dam in January caused a series of shutdowns. The mine's resumption will add up to 1 million tonnes to production volumes in 2019, but should not impact sales this year, which the company still expects to come in between the lower and midpoint of its previously announced range of 307 million to 332 million tonnes. Vale shares rose 2.7% during Friday trading as BTG Pactual analyst Leonardo Correa called the resumption "yet another de-risking event" for the company, reiterating his "buy" rating.

  • Reuters

    UPDATE 2-Massive mining waste dams could pose deadly risks, say investors

    A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday. The research was led by the Church of England (CoE) and fund managers after the collapse of a Vale dam in January unleashed an avalanche of mining waste on the Brazilian town of Brumadinho, killing an estimated 300 people. The investor review, which found at least 166 dams have had stability issues in the past, relied on companies' disclosures about their dams holding mining waste, known as tailings.

  • Reuters

    Mitsui CEO:Higher demand for heavy crude boosts its profit

    Higher demand in low-sulphur heavy crude ahead of new rules on shipping fuel is helping to boost the profit of Mitsui & Co as the Greater Enfield project in Australia began production in August as scheduled, the Japanese trading house's CEO said on Thursday. "The timely start of production of fine-quality low-sulphur heavy crude at the upstream project had also a ripple effect to our energy trading unit in Singapore," Mitsui Chief Executive Officer Tatsuo Yasunaga told an analyst meeting. A Mitsui executive said in March that the company will produce more heavy crude oil this year once projects in Australia and Italy are completed, in part boosting its ability to provide low sulphur marine fuel.