VALE - Vale S.A.
| Previous Close | 13.43 |
| Open | 13.31 |
| Bid | 13.05 x 27000 |
| Ask | 13.13 x 46000 |
| Day's Range | 13.05 - 13.33 |
| 52 Week Range | 10.89 - 16.13 |
| Volume | 17,839,880 |
| Avg. Volume | 21,747,395 |
| Market Cap | 66.62B |
| Beta (3Y Monthly) | 0.22 |
| PE Ratio (TTM) | 20.25 |
| EPS (TTM) | 0.65 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2018-08-03 |
| 1y Target Est | 14.55 |
- Reuters•2 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.
- Reuters•3 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.
- Motley Fool•4 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.
- Zacks•4 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.
- Zacks•4 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.
- Reuters•7 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.
- Reuters•8 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.
- Bloomberg•8 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.
- Reuters•9 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.
- Reuters•11 days ago
EMERGING MARKETS-Most Latam currencies weaken, Brazil's real hit by data
- Reuters•11 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.
- Reuters•11 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.
- Reuters•16 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.
- Reuters•16 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 ...
GuruFocus.com•18 days agoKen Heebner's CGM Goes 3 for 3 in 1st Quarter
Growth-oriented firm's sells outweigh buys for the quarter
Market Realist•19 days agoCould 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.
Market Realist•19 days agoRecord 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.
- Market Realist•19 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
- Reuters•19 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.
Market Realist•20 days agoRBC Believes Vale Is Emerging from the Recent Tragedy, Upgrades
Is the Worst Behind Vale? BAML Upgrades the Stock to a 'Buy'(Continued from Prior Part)A slew of downgrades for Vale since JanuaryVale (VALE) has seen a lot of analyst downgrades since the dam tragedy struck in late January. A slew of downgrades
- Market Realist•20 days ago
Is the Worst Behind Vale? BAML Upgrades the Stock to a ‘Buy’
Is the Worst Behind Vale? BAML Upgrades the Stock to a 'Buy'Vale’s problems started with its dam burstVale (VALE) stock has been on the receiving end ever since one of the dams at its mine in Brazil burst on January 25, killing more than 240
- Benzinga•23 days ago
Vale Analyst Upgrades Mining Operator, Says Worst Is Behind It
The worst is behind Brazilian mining operator Vale SA (NYSE: VALE ), according to Bank of America Merrill Lynch. The Analyst Analyst Timna Tanners upgraded Vale from Neutral to Buy and raised the price ...
- Reuters•23 days ago
Anger mounts at Vale in Brazil town at risk for new dam burst
It was bad enough for Paulo de Morais when he was expelled in early February from the house where he lived for 22 years, in the shadow of a mining dam at risk of collapse. De Morais was evacuated with about 450 of his neighbors under orders from Brazil's mining agency, which feared a repeat of the catastrophe at Brumadinho 65 kilometers (40 miles) away. A dam collapse there in late January unleashed a wave of toxic mud that buried alive more than 240 Vale SA employees and neighbors.
- Investopedia•23 days ago
Top 5 Steel Stocks of 2019
Steel represents a significant amount of materials trading done on the stock market. Some companies perform better than others—for a number of reasons.
