|Bid||0.00 x 1000|
|Ask||14.45 x 900|
|Day's Range||13.95 - 14.22|
|52 Week Range||7.65 - 15.24|
|PE Ratio (TTM)||13.95|
|Forward Dividend & Yield||0.28 (1.92%)|
|1y Target Est||14.98|
Is a Valuation Rerating in the Cards for Vale Stock? Vale (VALE) announced a new dividend policy on March 29. The dividends are to comprise a minimum of 3s0% adjusted EBITDA, minus sustaining capital expenditure.
Vale (VALE) considerably reduced its net debt in 2017. At the end of 2017, its net debt totaled $18.1 billion, a decline of ~28% year-over-year. The company was guiding for net debt of $15.0 billion–$17.0 billion by the end of 2017. In the latest quarter, the company recorded another reduction of $3.2 billion in net debt to reach $14.9 billion. The debt decline during the quarter was supported by the sale of its fertilizer assets to Mosaic for $3.7 billion.
Is a Valuation Rerating in the Cards for Vale Stock? Vale’s (VALE) base metal (DBB) production, including nickel and copper production, was in line with its decision to lower its footprint by putting non-competitive mines on care and maintenance. Vale’s strategy is to preserve its optionality in nickel in case of higher demand for nickel class I. Nickel production, therefore, reached 58,600 tons in the first quarter, a decline of 18% year-over-year and 25 sequentially.
Is a Valuation Rerating in the Cards for Vale Stock? Severe weather conditions in March led to power plant outages and five flooded production pits. In 2017, Vale’s coal division generated positive adjusted EBITDA for the first time since 2010.
Is a Valuation Rerating in the Cards for Vale Stock? The EBITDA for the ferrous division was almost in line with the previous quarter despite seasonally lower volumes, mainly due to higher premiums and the net effect of the 13% increase in the benchmark iron ore index. Vale’s free-on-board (or FOB) cost per ton for iron ore fines was $14.8 per ton in the first quarter, in line with 4Q17.
A streaming deal for cobalt and nickel from a mine in Papua New Guinea may foreshadow other similar arrangements as producers look to capitalize on the battery-commodity boom to raise cash for investments. On Tuesday, Cobalt 27 Capital Corp. -- a Toronto-listed vehicle designed to invest in the metal -- said it reached a $113 million deal with Highlands Pacific Ltd. to buy future production from the Ramu mine in PNG. More than half of global supply comes from the Democratic Republic of Congo, an impoverished country beset by corruption scandals and political unrest.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Vale SA. (NYSE:VALE) has returned to shareholders overRead More...
Previ, Brazil’s biggest pension fund, sent a letter in February demanding BRF Chairman Abilio Diniz convene a shareholder meeting to remove the entire board, including himself. After a two-month fight, Previ got its way: Investors voted in five new directors and replaced Diniz with Pedro Parente, who’s credited with turning around the country’s state-owned oil company, Petroleo Brasileiro SA. “BRF kept showing successive results that were a concern for us as shareholders,” Gueitiro Matsuo Genso, Previ’s chief executive officer, said in an interview in Sao Paulo.
Vale SA, once the most generous dividend payer among major mining companies, may be poised to regain that status with its chief executive officer nearing debt targets and unwilling to hoard cash or rush into deals. Like others in the industry, the biggest producer of iron ore and nickel cut dividends to defend against a commodity downturn that eroded profit and pushed up debt metrics. In March, Vale approved a plan to begin paying at least 30 percent of earnings before items minus sustaining investments.
Research coverage has been initiated on Northern Dynasty Minerals Ltd (NYSE AMER: NAK), Platinum Group Metals Ltd (NYSE AMER: PLG), Polymet Mining Corp. (NYSE AMER: PLM), and Vale S.A. (NYSE: VALE). All you have to do is sign up today for this free limited time offer by clicking the link below.
NEW YORK, NY / ACCESSWIRE / May 11, 2018 / U.S. markets eked out gains on Thursday, on the back of positive economic data and strong performance from the technology sector. The technology sector has gained almost 7% in May which is a much steeper gain than any other sector. "Because this handful of stocks (in technology sector) are continuing to lead, it will be hard to get the kind of market breadth that you'd like to see signal a more positive backdrop.
Brazil's antitrust regulator on Wednesday approved the sale of a Vale SA fertilizer unit to Yara International ASA in a deal that will allow the Norwegian group to produce nitrogen-based fertilizers in Brazil. Six of regulator Cade's seven board members voted to approve the $255 million transaction without demanding any asset sales or restrictions. One board member, Paula Farani, abstained from voting.
When it comes to estimating demand for a commodity, considering a country that single-handedly consumes more than 70% of the commodity is imperative. We’re talking, of course, about seaborne-traded iron ore and China. It’s vital to track Chinese iron ore imports to gauge the direction of future prices.
Iron ore port inventories in China reflect the balance between demand and supply. Usually, if iron ore isn’t used up by steel mills, it piles up at ports. Because this indicator helps provide a sense of the direction of iron ore prices, it’s important to track.
As major seaborne iron ore exporters are in Australia and Brazil (EWZ), it’s imperative for iron ore investors to track iron ore exports from these countries. They serve as a key supply-side indicator.
In the week ended April 20, iron ore prices recorded their best weekly performance in 17 weeks, mostly supported by China’s announcement of a cut in bank reserve requirements. This move is expected to improve liquidity, boosting economic activity. Steel prices hinge on economic activity in a country. China’s falling steel inventories are also supporting iron ore prices.
The cash cost of goods sold for Cleveland-Cliffs’s (CLF) APIO division was $66.36 per ton in 1Q18, 78% higher YoY (year-over-year) and 49% higher sequentially. The increased costs were mainly due to the inclusion of accounting adjustments required for the planned closure of the operations.
Cleveland-Cliffs (CLF) has direct exposure to the seaborne iron ore trade through its APIO (Asia-Pacific Iron Ore) unit. The company announced on April 6 that it expects to close its Australian operations by June 30, 2018. Cliffs’s CEO had noted time and again that due to the strategies followed by seaborne iron ore miners (PICK) such as BHP Billiton (BHP), Vale (VALE), Rio Tinto (RIO), Fortescue Metals Group (FSUGY), and Roy Hill, the iron ore market is in rough shape.
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / Vale S.A. Sponsored ADR (NYSE: VALE ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 26, 2018 at 11:00 AM Eastern Time. ...
Vale (VALE) released its 1Q18 results on April 25, 2018, after the markets closed. The company reported net earnings of $1.6 billion in 1Q18, 17% lower than what the consensus was expecting. Its earnings also dropped 36% year-over-year (or YoY) due to lower iron ore prices and higher costs.
Vale SA, the world's largest iron ore producer, posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier, missing estimates, as iron ore prices slipped despite record sales, results showed Wednesday. In a securities filing, Brazil's Vale said quarterly net income totaled $1.59 billion, below a consensus estimate of $1.926 billion and the $2.49 billion reached a year ago. Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, slumped to $3.971 billion, below a consensus estimate of $4.387 billion compiled by Thomson Reuters and the $4.308 billion posted in the year-ago quarter.