What's Happening With VALE Stock?
VALE (NYSE: VALE) stock has lost almost 40% since the beginning of the year as compared to the 28% gain in the S&P 500 Index. Vale's downward stock price movement is much sharper compared to that for its peers, including ArcelorMittal which is down 10% year to date, United States Steel Corporation down 19% year to date, and Nucor Corp (NYSE: NUE) which is down 17% year to date.
KEFI Gold awarded exploration licence in Ethiopia for critical metals
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has been awarded an exploration licence for 100% of the Konso critical metals area in Ethiopia. Konson was previously explored by the Ethiopian Geological Survey, and by Brazilian giant Vale prior to its country exit in 2012 Vale identified large zones of copper and tantalum (plus lithium) which KEFI believes now warrant follow-up exploration for critical metals.
VALE S.A. (VALE) is Attracting Investor Attention: Here is What You Should Know
VALE (VALE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Nickel Miners News For The Month Of November 2024
Nickel spot prices were flat the last month. Nickel market news - BMI: Battery nickel demand set to triple by 2030. Nickel surplus are expected to continue over the next few years, prices are expected to remain flat. Nickel company news - Huayou seeks US$2.7 billion loan to fund nickel smelter project with Vale and Ford. GEM, PT Vale Indonesia partner for $1.4bn nickel HPAL project in Indonesia.
Vale Q3: Better Than Expected (By Me)
Vale showed better-than-expected earnings and significant cost reductions, despite lower revenues. Vale mitigated a major risk by resolving the Samarco accident legal provisions, enhancing its investment appeal. The company's valuation is highly attractive, trading at just 3.7x EBITDA, with a potential upside of 35% if it returns to 5x EBITDA.
VALE S.A. (VALE) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching VALE (VALE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Vale S.A. (VALE) Q3 2024 Earnings Call Transcript
Vale S.A. (NYSE:VALE ) Q3 2024 Earnings Conference Call October 25, 2024 1:00 PM ET Company Participants Gustavo Pimenta - Chief Executive Officer Murilo Muller - Acting Executive Vice President of Finance and Investor Relations Rogério Nogueira - Acting Executive Vice President, Iron Ore Solutions Carlos Medeiros - Executive Vice President of Operations Shaun Usmar - Chief Executive Officer of Vale Base Metals Alexandre D'Ambrosio - Executive Vice President of Corporate and External Affairs Conference Call Participants Rodolfo Angele - J.P. Morgan Daniel Sasson - Itau BBA Leonardo Correa - BTG Caio Ribeiro - Bank of America Rafael Barcellos - Bradesco BBI Marina Calero - RBC Capital Markets Timna Tanners - Wolfe Research Christopher LaFemina - Jefferies Jon Brandt - HSBC Operator Good morning, ladies and gentlemen.
Dam disaster deal should curb lawsuits against Vale and BHP, sources say
An agreement by Vale , BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South American country and possibly limit legal action abroad, three sources close to the matter said.
Vale to Report Q3 Earnings: Here's What You Should Know
VALE's Q3 performance is likely to have benefited from increased copper revenues, offset by lower nickel and iron ore revenues as well as higher costs.
Vale Reports Y/Y Increases in Iron Ore, Copper & Nickel Output in Q3
VALE delivers third-quarter iron ore production of around 91 Mt, and reiterates its 2024 iron ore production goal between 323 Mt and 330 Mt.
Investors Heavily Search VALE S.A. (VALE): Here is What You Need to Know
VALE (VALE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Vale Production Report Q3 2024: Good Volumes, Bad Prices
Vale's 3Q24 report showed increased production but lower prices. Net revenue expected at $9.7 billion, with potential for strong 4Q24 sales. The increase in production was the largest since 2018, helped by seasonality. However, freight costs and lower ore prices are expected to squeeze margins. Despite this, the company trades at just 3.5x EBITDA, which seems like a great bargain given its robustness.
