VALE - Vale S.A.

NYSE - NYSE Delayed Price. Currency in USD
13.64
+0.11 (+0.81%)
At close: 4:02PM EDT

13.64 0.00 (0.00%)
After hours: 4:49PM EDT

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Previous Close13.53
Open13.59
Bid13.64 x 21500
Ask13.74 x 38500
Day's Range13.54 - 13.69
52 Week Range10.89 - 16.13
Volume10,619,391
Avg. Volume20,571,261
Market Cap68.971B
Beta (3Y Monthly)0.22
PE Ratio (TTM)21.05
EPS (TTM)0.65
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-08-03
1y Target Est14.55
Trade prices are not sourced from all markets
  • Vale to Restart Wet Processing Operations at Brucutu Mine
    Zacks4 days ago

    Vale to Restart Wet Processing Operations at Brucutu Mine

    Vale's (VALE) Brucutu mine which represents 8% of Vale's annual output will now operate at full capacity.

  • Investors Whipsawed as Iron Ore’s Dramatic Year Continues
    Bloomberg6 days ago

    Investors Whipsawed as Iron Ore’s Dramatic Year Continues

    (Bloomberg) -- Iron ore’s dramatic year continued Wednesday as investors were whipsawed by two big pieces of news with conflicting implications.First, Brazil’s Vale SA said it won court approval to revive operations at one of its biggest projects, a development that’s likely to help ease global supply concerns that had sent prices to a five-year high. But just a few minutes later, No. 2 miner Rio Tinto Group said it’s not going to be able to hit an already lowered output target this year after problems at its sprawling operations in Western Australia.The iron ore market has been on a roar since January after the fatal collapse of a dam in Brazil resulted in steep reductions in supply from Vale, the biggest shipper. Those supply concerns have been compounded by operational problems in Western Australia, where Rio and BHP Group mine.Today’s announcements come after iron ore prices renewed a surge in recent days, hitting the highest levels in five years. Prices have been driven higher as the effects of supply disruptions in Brazil ripple through to China, where port inventories have tumbled and steel mills are churning out record volumes.London-based Rio now expects to produce 320 million to 330 million tons this year. That’s less than an earlier goal of 333 million to 343 million tons. Vale’s restart could bring on an additional 5.4 million tons this year, according to BMO Capital Markets.Vale said today that Brazil’s Superior Court of Justice revoked the injunction stopping the iron ore miner from using its dam in Brucutu, clearing the way for the company to reopen the mine within 72 hours.That’s the third time the Rio de Janeiro-based miner signaled the return to normal operations at facilities that accounted for almost a third of the capacity that’s been shuttered since the fatal tailings dam disaster in January.“The net impact of Rio Tinto and Vale’s announcements is a further reduction in iron ore supply in an already tight market,” BMO analyst Edward Sterck said. “Price spikes in iron ore probably cannot be ruled out, but we still think that pricing is sufficient to stimulate swing supply.”Rio cut its guidance in April after a cyclone hit its operations in Australia, lowering an original target of 338 to 350 million tons. BHP Group, the No. 3 producer, also cut its target, adding to supply concerns.Rio shares fell as much as 5.4% in London trading. The stock is still near the highest level in more than a decade because of the rally in iron ore, the most important commodity for the company.To contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Liezel Hill, Dylan GriffithsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters7 days ago

    Brazil miner Vale says mulls new railway, port for Carajas expansion

    Brazilian miner Vale SA is considering building a new railway and port in the Para state for the potential expansion of its Carajas Serra Sul mine, the company said in a presentation to investors published on Tuesday. The new railway would stretch for 400 kilometers (248.5 miles) from the current Carajas railroad to Vila do Conde port, in the northeastern Brazilian state of Maranhao. Vale said last month that it was considering doubling production at Serra Sul Carajas, where its giant S11D mine is located, to 150 million tonnes a year.

  • Iron Ore Prices Surge to 5-Year High on Supply Crunch Fears
    Zacks7 days ago

    Iron Ore Prices Surge to 5-Year High on Supply Crunch Fears

    Following anticipation of supply crunch from the world's two largest iron ore exporters, Brazil and Australia, iron ore prices are trending above $100 per ton, at levels last seen in 2014.

  • Reuters8 days ago

    EMERGING MARKETS-Latam FX dip as dollar comes off lows ahead of Fed outcome

    The dollar steadied, hovering near the two-week highs hit earlier in the session, as investors reconsidered how dovish the Fed is likely to be after its two-day meeting set to end on Wednesday. "We don't see preemptive cuts, leaving the Fed in wait-and-see mode," wrote Mark McCormick, global head of FX strategy at TD Securities, in a note. "If the Fed can engineer a low-volume outcome this week that should reinforce the broad dollar," he said, which could hurt developing world currencies.

  • China's iron ore sizzles in record-setting rally
    Reuters11 days ago

    China's iron ore sizzles in record-setting rally

    Dalian iron ore futures surged to a record peak on Friday and posted their biggest weekly gain since February, buoyed by expectations of sustained tightness in supply and brisk demand amid China's renewed drive to support its slowing economy. The most-actively traded September iron ore contract on the Dalian Commodity Exchange rose as much as 4% to 797.5 yuan ($115.20) a tonne, the highest since Dalian iron ore futures started trading in 2013. "Chinese ore demand has been robust and is likely to remain so for the near term," said Westpac Banking Corp.

  • Reuters12 days ago

    UPDATE 1-Vale says hopes to reach dam burst global settlements by year-end

    Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020. Vale is scrambling to deal with the fallout from the disaster, which killed at least 246 people, triggered the replacement of its CEO and an overhaul of its board, and has forced it to set aside billions for compensation and cleanup costs. Investors have been closely watching its ongoing talks with prosecutors and regulators on the terms of a global settlement to see how much higher the price tag from the disaster will be.

  • Vale’s Woes Keep Mounting
    Motley Fool13 days ago

    Vale’s Woes Keep Mounting

    The situation at Vale isn't getting better, and that makes it a bad investment no matter the price for most investors.

  • VALE Bets on Initiatives to Counter Brumadinho Dam Impact
    Zacks13 days ago

    VALE Bets on Initiatives to Counter Brumadinho Dam Impact

    Despite the Brumadinho disaster, Vale S.A (VALE) remains focused on delivering higher margins by managing extensive supply chain, improving quality and productivity, and controlling costs.

  • Vale (VALE) in Focus: Stock Moves 6.7% Higher
    Zacks13 days ago

    Vale (VALE) in Focus: Stock Moves 6.7% Higher

    Vale (VALE) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • Reuters16 days ago

    Brazil's Vale will invest $1.9 billion to shut down nine dams: filing

    Brazilian mining company Vale SA said it will spend $1.9 billion for the decommissioning of nine tailing dams in the Brazilian state of Minas Gerais, according to a securities filing late on Friday. The company also said it will be investing in ongoing assessments on engineering projects and expenses for other geotechnical structures. Vale's announcement follows a dam burst in January that killed hundreds - its second such disaster in three years.

  • Reuters17 days ago

    Brazil's Vale will invest $1.9 billion to shut down nine dams -filing

    Brazilian mining company Vale SA said it will spend $1.9 billion for the decommissioning of nine tailing dams in the Brazilian state of Minas Gerais, according to a securities filing late on Friday. The company also said it will be investing in ongoing assessments on engineering projects and expenses for other geotechnical structures. Vale's announcement follows a dam burst in January that killed hundreds - its second such disaster in three years.

  • Vale Sets Aside $1.9 Billion to Decommission Nine Mine Dams
    Bloomberg17 days ago

    Vale Sets Aside $1.9 Billion to Decommission Nine Mine Dams

    The statement came as three of the world’s leading mining companies including BHP Group, Glencore Plc and Anglo American Plc released information on the safety of their dams amid greater scrutiny. “We have not spared, and will not spare, resources or efforts to repair any damages caused to the families involved, to the infrastructure of the communities and to the environment” caused by failures at its operations, Chief Executive Officer Eduardo Bartolomeo said in the filing. Bartolomeo pledged to address safety at the company’s dams when he took over in May as Vale reacted to the Jan. 25 dam burst that left about 300 people dead or missing.

  • Reuters18 days ago

    REFILE-UPDATE 3-Major miners reveal tailings dam data, action plans following disasters

    Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought the information following a second deadly dam disaster in Brazil. BHP, which operates 67 tailings facilities, said on Friday it has set up a tailings taskforce to further improve its focus on internal dam management and boost safety. The world's biggest miner added that a review undertaken to assess the management of tailings facilities following the 2015 Samarco disaster, which killed 19 people, had identified no immediate concerns regarding dam integrity.

  • Reuters20 days ago

    Brazil pension fund Previ to invest in upcoming share offerings

    Brazil's largest pension fund Previ intends to be an active investor in a series of upcoming share offerings as part of an effort to diversify its portfolio, its Chief Executive Jose Mauricio Coelho told Reuters. Brazilian companies such as Petrobras Distribuidora SA , software producer Linx SA, Banco BTG Pactual SA and utility CPFL Energia SA, among others, plan to sell shares over the next two months, as investors bet a pension reform will be approved by year-end, accelerating economic growth.

  • Reuters20 days ago

    UPDATE 1-Brazil's Vale creates role of safety czar after two deadly dam collapses

    Brazilian mining giant Vale SA said on Wednesday it had created the new role of executive director for safety and operational excellence, following a dam burst in January that killed hundreds, its second such disaster in three years. The world's largest iron ore miner said it had recruited Carlos Medeiros for the role, a Brazilian executive who led the North and Central American operations of Ball Corporation, which makes aluminum cans. Vale has faced increased scrutiny from regulators, prosecutors and investors in the wake of the January disaster https://www.reuters.com/article/us-brazil-vale-disaster/hundreds-missing-after-vale-dam-burst-at-brazil-mine-seven-bodies-found-idUSKCN1PJ1WT, which took place in the Brazilian state of Minas Gerais, the center of mining production in Latin America's largest economy.

  • Reuters25 days ago

    Slow landslide at Vale's Gongo Soco reduces risk to dam

    A closely watched embankment at a Brazilian iron ore mine run by Vale SA has begun to slide slowly into the bottom of a mining pit, the company said on Friday, reducing concerns that a sudden landslide would trigger a dangerous dam collapse. Authorities had initially feared that a landslide at Vale's Gongo Soco mine could destabilize the nearby Sul Superior dam, wreaking havoc on a nearby town. An environmental official for the state of Minas Gerais had previously estimated a 10-15% chance of the Sul Superior dam losing integrity due to tremors from the expected landslide.

  • Reuters25 days ago

    Embankment at Vale's Gongo Soco begins slow slide; dam holds intact

    An embankment at a Brazilian iron ore mine run by Vale SA has begun to slide slowly into the bottom of a mining pit though it is unlikely to have major consequences, the firm said in a securities filing ...

  • Ken Heebner's CGM Goes 3 for 3 in 1st Quarter
    GuruFocus.com27 days ago

    Ken Heebner's CGM Goes 3 for 3 in 1st Quarter

    Growth-oriented firm's sells outweigh buys for the quarter

  • Could Chinese Iron Ore Inventories Keep Supporting Prices?
    Market Realist28 days ago

    Could Chinese Iron Ore Inventories Keep Supporting Prices?

    Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices(Continued from Prior Part)Chinese iron ore inventories shrinkAs China’s (FXI) steel demand remains strong amid supply tightness, Chinese iron ore port inventories have been shrinking.

  • Record China Steel Production Supports Iron Ore despite Trade War
    Market Realist28 days ago

    Record China Steel Production Supports Iron Ore despite Trade War

    Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices(Continued from Prior Part)China’s steel demandAs the supply tightness in the seaborne iron ore market continues, there’s another factor supporting prices: Chinese steel demand.

  • Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices
    Market Realist28 days ago

    Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices

    Why Iron Ore Prices Are Bucking the Downtrend in Metals PricesIron ore pricesAs we discussed in Why Iron Ore Prices Could Have more Upside after Breaching $100, iron ore supply tightness and continued strong demand from China have driven iron ore

  • Reuters28 days ago

    Brazil's Vale says risk of dam break at Gongo Soco mine has diminished

    An unstable embankment at Vale SA's Gongo Soco mining pit in Brazil has a lower risk than previously thought of collapsing in a way that would destabilize the nearby Sul Superior dam, the iron ore miner said in a statement on Tuesday. Last week, an environmental official for the state of Minas Gerais estimated a 10-15% chance of the Sul Superior dam losing integrity due to tremors from the expected landslide in the mining pit.