Two of the world's largest miners, Rio Tinto PLC RIO and Vale SA VALE, are set to report their fourth-quarter earnings on Wednesday.
Upgraded VALE to a buy due to favorable commodity backdrop, strong YTD performance, and improving fundamental conditions in South American equities. VALE's valuation is compelling, with a free cash flow yield above 10% and shares trading cheaply on a price-to-sales basis. Key risks include weaker commodity prices, global economic slowdown, higher interest rates, and political uncertainty.
Brazilian miner Vale confirmed on Friday that it will invest 70 billion reais ($12.26 billion) in its Carajas complex in northern Brazil through 2030.
Brazilian mining giant Vale is in advanced talks to sell a majority stake in a renewable energy unit and a solar plant to U.S.-based investment firm Global Infrastructure Partners (GIP), two people familiar with the matter said.
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 Q4 performance is likely to have benefited from increased copper revenues, offset by lower nickel and iron ore revenues as well as higher costs.
In the most recent trading session, VALE S.A. (VALE) closed at $9.56, indicating a +0.95% shift from the previous trading day.
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.
Vale S.A., one of the world's largest mining companies, has reported its highest annual iron ore production since 2018. This milestone comes amid fluctuating stock markets and a global shift in investment strategies.
VALE delivers iron ore production of around 328 Mt in 2024. It maintains 2025 iron ore production goal to be between 325 Mt and 335 Mt.
Brazilian miner Vale's CEO held his first official meeting with President Luiz Inacio Lula da Silva on Tuesday, the company said, where he highlighted that there was "enormous convergence" between its projects and the country's development agenda.
VALE S.A. (VALE) concluded the recent trading session at $9.03, signifying a -1.42% move from its prior day's close.