|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.41 - 12.76|
|52 Week Range||7.47 - 14.67|
|PE Ratio (TTM)||12.03|
|Forward Dividend & Yield||0.28 (2.20%)|
|1y Target Est||13.58|
In the long term, commodities generally follow the underlying demand-supply dynamics, but according to some observers, copper prices also tend to reflect macro developments. Copper has been dubbed “doctor copper” because many observers see copper prices as a reflection of the global economy. Copper (BHP) (VALE) is also sensitive to geopolitical factors, and some traders use copper as a proxy to bet against the global economy.
Since China, the world’s largest copper consumer, isn’t self-sufficient regarding copper assets, it needs to import copper. Copper mining is situated in Latin America. Chile is the largest mined copper producer.
NEW YORK, March 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
The Chinese government’s efforts to rein in real estate speculation seem to be paying off. According to the latest data, housing prices in December 2017 dropped on a yearly basis in nine of the 15 major cities in China. Banks in China have started raising costs for home loans and are restricting the credit supply.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said he can't find a compelling reason to buy Kraft Heinz Co (NASDAQ: KHC ). Cramer thinks it's all right to buy Vale SA (ADR) (NYSE: VALE ) ...
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.
The board of Litel Participações, which holds Brazilian pension funds' stakes at miner Vale SA, has proposed to distribute shares of the miner to the funds. According to a securities filing, the holding company Litel will distribute to its shareholders 201.14 million common Vale shares. Litel is one of Vale's largest shareholders, with a 21 percent stake.
Vale SA (VALE) has guided for an “aggressive and sustainable” dividend policy going forward. The company is planning to come up with a new dividend policy by the end of March 2018. The new dividend policy is expected to be more robust, predictable, and sustainable.
Vale (VALE) has considerably reduced its net debt in 2017. The company was guiding for a net debt of $15.0 billion–$17.0 billion by the end of 2017. Vale recorded net proceeds of $3.7 billion from the sale of its fertilizer assets, which were received in January 2018.
Can Vale Expect Significant Upside after 4Q17 Results? Vale’s (VALE) base metal (DBB) production, including nickel and copper, was flat to lower in 2017 compared to 2016. Its nickel production fell 7.3% year-over-year (or YoY) to 288,200 tons, which was in line with Vale’s commitment of a smaller nickel footprint.
Can Vale Expect Significant Upside after 4Q17 Results? Vale (VALE) noted that iron ore prices averaged $71.3 per ton in 2017, 22% higher than average prices in 2016. The steel sector’s outperformance led to higher steel prices around the world, which supported seaborne iron ore prices.
Vale SA (VALE) released its 4Q17 results on February 27 after the markets closed. While the company’s 4Q17 net profit rose 47% year-over-year (or YoY), its earnings per share (or EPS) of $0.36 missed analysts’ expectations by $0.07. Higher iron ore and base metals (COMT) prices boosted Vale’s profitability, but higher costs and foreign exchange–related losses led to the miner missing consensus estimates.