VALE - Vale S.A.

NYSE - NYSE Delayed Price. Currency in USD
11.60
+0.82 (+7.61%)
At close: 4:00PM EDT
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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close10.78
Open10.79
Bid0.00 x 38800
Ask0.00 x 46000
Day's Range10.73 - 11.64
52 Week Range6.49 - 14.19
Volume48,468,580
Avg. Volume26,849,807
Market Cap59.507B
Beta (5Y Monthly)0.82
PE Ratio (TTM)100.00
EPS (TTM)0.12
Earnings DateN/A
Forward Dividend & Yield0.69 (6.44%)
Ex-Dividend DateDec 27, 2019
1y Target Est13.81
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
29% Est. Return
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    RPT-BHP faces first step in $6.3 billion UK claim over Brazil dam failure

    More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. An initial, eight-day hearing will establish whether the case can be heard in Britain, although the judge is expected to reserve judgment until later in the year. BHP spokesman Neil Burrows said the claim did not belong in Britain because it duplicated proceedings in Brazil and the ongoing work of the Renova Foundation, an entity created by the miner and its partners to manage reparations and repairs.

  • Reuters

    BHP faces first step in $6.3 billion UK claim over Brazil dam failure

    More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. An initial, eight-day hearing will establish whether the case can be heard in Britain, although the judge is expected to reserve judgment until later in the year. BHP spokesman Neil Burrows said the claim did not belong in Britain because it duplicated proceedings in Brazil and the ongoing work of the Renova Foundation, an entity created by the miner and its partners to manage reparations and repairs.

  • Reuters

    EMERGING MARKETS-Latam stocks gain; Brazil's real up on economic recovery hopes

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  • Did Hedge Funds Make The Right Call On Vale SA (VALE) ?
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  • Why Vale (VALE) Stock Might be a Great Pick
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  • Reuters

    EMERGING MARKETS-Brazil's real falls, Bolsonaro tests positive for coronavirus

    * Brazilian President Bolsonaro tests positive for coronavirus * Brazil's real erases earlier gains * Chile's peso supported by strong export data * Mexican peso pressured by weak oil (Updates prices throughout) By Shreyashi Sanyal July 7 (Reuters) - Brazil's real erased gains from earlier in the session on Tuesday, on caution about the alarming spread of the coronavirus after the country's president, Jair Bolsonaro, tested positive for the virus, while the Mexican peso weakened with sliding oil prices. The real, after having shed more than 25% for the year on heightened political risks and soaring COVID-19 cases, came under pressure as Bolsonaro, long a skeptic about the coronavirus, tested positive for it. The pandemic has killed more than 65,000 people in Brazil, which currently stands as the second-worst hit country in the world by the pandemic after the United States, in terms of infections.

  • Reuters

    EMERGING MARKETS-Latam stocks retreat after risk rally; Mexican peso leads FX losses

    * Chile's peso supported by strong export data * Mexican peso pressured by weak oil * Brazil's real leads FX gains By Ambar Warrick July 7 (Reuters) - Mexico's peso dropped on Tuesday, tracking weak oil prices while major Latin American stocks came off four-month highs as a recent risk rally paused for breath. While positive economic data had spurred several sessions' gains in Latin American markets, a continued uptick in global coronavirus cases kept caution alive. Regional currencies were pressured by safe-haven flows into the U.S. dollar.

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  • Brazil's Vale to relocate 50 people near dams, expanding 'safety zone'
    Reuters

    Brazil's Vale to relocate 50 people near dams, expanding 'safety zone'

    Brazilian miner Vale SA said on Wednesday it will relocate about 50 people near a series of tailings dams in the state of Minas Gerais to reflect concern that a wider area could be hit by a potential dam burst. Vale said in a securities filing that the move to expand the "safety zone" around the Forquilha dams in the case of a dam collapse had been taken based on more conservative studies and an "extreme" hypothesis. The expansion of the zone for the dams that are part of its Paraopeba complex complies with an agreement reached with Minas Gerais prosecutors, after the Brumadinho dam burst last year, killing more than 270 people.

  • Reuters

    Environmental groups propose tailings dam safety standards

    Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday. Earthworks and MiningWatch Canada, two prominent environmental nonprofits, co-wrote the report https://earthworks.org/safety-first that includes 16 recommendations they hope will be adopted by regulators across the world and used by bankers as they consider whether to lend to miners. Tailings dams, which are embankments constructed near mines to store mining waste in a liquid or solid form, can sometimes tower dozens of meters high and stretch for several kilometers.

  • Reuters

    Brazil's Vale signs deal with authorities on COVID-19 monitoring at Itabira mines

    Brazilian miner Vale SA has signed an agreement on monitoring for possible coronavirus cases at its Itabira complex, a major iron ore production facility temporarily shuttered earlier this month out of health concerns, authorities said on Thursday. A number of sanitary measures including testing all workers every 21 days were agreed with labor prosecutors in Minas Gerais state and with a local court, the authorities said, adding that Vale now had 15 days to draw up the details of a virus mitigation plan. Prosecutors will use reports the company has agreed to produce regularly to decide on possible new actions at the complex, where changes in production levels can potentially affect iron ore prices internationally.

  • Reuters

    China iron ore demand powers Baltic sea freight index to record weekly gain

    The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry commodities around the world, posted its biggest weekly gain ever, underpinned by a rebound in global commodities trading as iron ore demand from China picked up. "Most of the strength is due to increased Chinese steel mill demand for iron ore coupled with the increased production and exports out of Brazil," said Randy Giveans, vice-president, equity research, at Jefferies. Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, increased by $231 to $25,511.

  • Vale to Resume Operations at Voisey's Bay & Itabira Mines
    Zacks

    Vale to Resume Operations at Voisey's Bay & Itabira Mines

    Vale (VALE) is gearing up to resume operations at Voisey's Bay mine in Canada, which had been moved to care and maintenance in March amid the coronavirus crisis.

  • Vale to Restart Nickel Mine in Canada After Covid-19 Pause
    Bloomberg

    Vale to Restart Nickel Mine in Canada After Covid-19 Pause

    (Bloomberg) -- Vale SA, the top commercial nickel producer, will resume operations next month at its Voisey’s Bay mine in Canada after halting work to monitor the coronavirus outbreak.Production at the nickel-cobalt-copper mine in Labrador is expected to restart early July and reach full capacity by early August, the Rio de Janeiro-based company said in a statement Thursday.Voisey’s Bay was placed on care and maintenance in mid-March as mining companies around the world paused while governments implemented measures to stem the spread of the disease. Its resumption comes as economies begin to reopen and prices of steel-making inputs recover.The restart of Voisey’s Bay may be more significant for the copper market than nickel. Vale continued processing nickel inventories during the mining shutdown but didn’t have enough stockpiles to keep supplying copper, BMO analyst Edward Sterck said in a report.Vale is partnering with a private testing lab in Newfoundland & Labrador to provide testing of all employees entering the site. There have been no cases of Covid-19 to date at the site, Vale said.“Vale remains firm in its commitment to the safety of its people and the communities in which it operates and will continue to consult and cooperate with local health authorities to establish world-class initiatives in the fight against Covid-19,” the company said.The resumption includes restarting critical path activities related to an expansion project.The announcement comes a day after Vale said it got approval to resume operations at three iron-ore mines in southern Brazil after authorities approved its revised Covid-19 protocols.(Adds comment on copper and nickel markets in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Is VALE S.A. (VALE) Stock Undervalued Right Now?
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  • Reuters

    Brazil manufacturers seek to skirt shutdowns as coronavirus surges

    Manufacturers in Brazil like Marcopolo SA and Randon are trying to show they can safely operate their factories at reduced capacity, dodging the coronavirus-induced shutdowns that have hit the mining and food processing sectors. Aside from iron ore miner Vale SA, which was forced just last week to shut down one of its major complexes after an outbreak there, meatpackers JBS SA and BRF SA have also recently been forced by Brazilian judges to shutter their plants. Coronavirus outbreaks had affected their workers while running operations at full steam.

  • Vale Announces Level 1 Alert for 3 Inactive Tailings Dams
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    Vale Announces Level 1 Alert for 3 Inactive Tailings Dams

    Vale (VALE) issues a level one emergency alert for three inactive dams in Brazil as a preventive measure and affirms production outlook for 2020.

  • Reuters

    Brazil prosecutors expand probe into Vale's efforts to shield workers from COVID-19

    The office that enforces labor laws in Brazil's Para state has stepped up an investigation into potential shortcomings in mining giant Vale's efforts to protect workers from the coronavirus, authorities said on Wednesday. The federal labor prosecutor's office in Para has an internal working group in place known as the GEAF to monitor Vale's iron ore operations in the Carajas region, near the eastern fringe of the Amazon rainforest.

  • Iron Ore Prices Surge as Vale Ordered to Shut Itabira Mines
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    Concerns over worsening coronavirus situation in Brazil likely to lead to a supply crunch for iron ore as demand in China remains strong have driven iron prices north.

  • Vale SA Forced To Shutter Itabira Mines; Analyst Sees The Bright Side
    SmarterAnalyst

    Vale SA Forced To Shutter Itabira Mines; Analyst Sees The Bright Side

    A Brazilian judge has ordered Vale SA (VALE) to shutter several mines due to concerns over Covid-19, as the coronavirus pandemic continues to rage across the country.Vale has been instructed to suspend its activities in its Itabira iron ore mining complex until it can obtain a judgement to ensure safety for its workers. It will be fined a nominal BRL 500k ($100k) per day until this is resolved.Itabira consists of the Caue and Conceicao mines and three beneficiation plants and is part of Vale’s Southeastern System. It produced 36mt of iron ore in 2019 (11% of Vake total 302mt) and has been relatively unaffected by the impacts from the Brumadinho tailings disaster.It remains uncertain at this point how long this operation will remain shut, but Vale has left its iron ore production guidance unchanged. That’s because its 2020 310-325mt guidance already includes 15mt of potential Covid-19 disruptions, points out RBC Capital analyst Tyler Broda.He is forecasting Itabira will produce 31.8mt of iron ore in 2020. “In isolation, this disruption does not change our outlook for a global iron ore surplus (we calculate ~80mt in 2021), especially considering this disruption is likely short-term in nature and already more than captured in VALE guidance” Broda reassures investors.However, the analyst says this latest issue does reinforce structural supply side concerns about Brazilian production. Further disruptions could cause more challenges, especially with an anticipated acceleration in H2 of assets returning post-Brumadinho, the analyst says, writing: “We see risks of consensus production downgrades over the coming weeks.”In terms of pricing, Broda expect iron ore prices to react positively in the short-term to this development, especially with the wider macro reflation trade ongoing. Moreover, he calculates that the economic impact to VALE is a net positive as price impact outweighs volume impact.“With VALE’s inexpensive valuation, the likely return of a dividend and buybacks, and with coming divestments acting as catalysts for the shares, we continue to see the shares positively” the analyst concludes. He recently upgraded the stock to buy with a $10.25 price target.Indeed, Vale shows a firmly bullish Strong Buy analyst consensus thanks to several recent analyst upgrades. The stock now has only buy ratings, alongside an average analyst price target of $11.82 (7% upside potential). Shares are currently trading down 16% year-to-date. (See VALE stock analysis on TipRanks)Related News: Grubhub Shares Lifted On Report Of European Acquirers Lining Up   NetEase Sets Global Offering Pricing, Hong Kong Listing For June 11 5 Promising Covid-19 Vaccines Picked For Trump’s Operation Warp Speed More recent articles from Smarter Analyst: * KKR-Led Consortium Buys 6% Stake In Vietnam’s Vinhomes For $650 Million * Eli Lilly Leaps 13% On Positive Results For Its Verzenio Breast Cancer Therapy * iQIYI Pops 35% In Pre-Market On Report Tencent Seeks To Buy Big Stake * First Horizon, IberiaBank Get U.S. Regulatory Nod For Merger

  • Hedge Funds Nibbling On Vale SA (VALE)
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  • Iron-Ore Prices Surge on Impending Demand-Supply Imbalance
    Zacks

    Iron-Ore Prices Surge on Impending Demand-Supply Imbalance

    Iron-ore prices are riding high on increased demand from China and fears of supply disruption as coronavirus cases spike in Brazil.

  • Benzinga

    UBS Upgrades Vale On Oil Prices, Cost Dilution

    Weakness in iron ore prices is not a major concern for Vale SA (NYSE: VALE), while rising oil prices could act as the main catalyst for the stock, according to UBS.The Vale AnalystAndreas Bokkenheuser upgraded Vale from Neutral to Buy, while reducing the price target from $13 to $12.The Vale ThesisDespite the decline in iron ore prices to $60 per ton, missing expectations of $65-$87 per ton by a wide margin, Vale will not be significantly impacted, Bokkenheuser said in the note.He explained that the company's correlation with iron ore had declined to around 50% in recent years, while its correlation with crude oil had risen to more than 90%.The analyst noted three main reasons for the upgrade: 1. The energy team at UBS believes oil prices could rise to as much as $48 per barrel in 2021. Rising oil price may "lift the overall iron ore cost curve in support of prices and, in turn, Vale's shares," the analyst wrote. 2. Following the Brumadinho spill, Vale lost almost 100 million tons of iron ore production. This could result in significant cost dilution as the company ramps, partially offsetting lower iron ore prices. 3. Ramping production is likely to drive freight cost inflation, putting Vale at an advantage versus its peers with higher spot freight proportions.VALE Price ActionShares of Vale had risen almost 2.5% to $10.50 at the time of publication Wednesday.Related Links:10 Basic Materials Stocks Moving In Friday's Pre-Market SessionBenzinga's Top Upgrades, Downgrades For May 11, 2020Latest Ratings for VALE DateFirmActionFromTo May 2020RBC CapitalUpgradesSector PerformOutperform May 2020JP MorganMaintainsOverweight Apr 2020RBC CapitalMaintainsSector Perform View More Analyst Ratings for VALE View the Latest Analyst Ratings See more from Benzinga * Gilead Analyst: Coronavirus Drug, Arcus Collaboration Make Biopharma A Buy * Growth Is A Challenge For CBOE, JPMorgan Says In Downgrade * Slack Has Big Tailwind Amid Work-From-Home Shift, Cowen Says(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Reuters

    EMERGING MARKETS-Latam stocks track broader rally; Brazil's real dips

    * Real drops as economic outlook deteriorates * Colombian central bank minutes expected * Brazilian, Mexican manufacturing PMI come off record lows in May (Adds details, updates prices) By Susan Mathew and Ambar Warrick June 1 (Reuters) - Latin American stocks rose on Monday, tracking their global peers amid some relief over Sino-U.S. tensions, while Brazil's real fell on further concerns over the country's economic outlook. Surging iron ore prices buoyed Brazilian mining giant Vale , while planemaker Embraer SA rose after it said China and India could be new partners after its deal with Boeing Co fell apart.