Vale S.A. (VALE) is expected to report declines in its bottom and top lines when it reports third-quarter 2024 results on Oct. 25, after market close. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Vale S.A. (VALE) reported iron ore production of around 91 million tons (Mt) for the third quarter of 2024, reflecting a 5.5% increase from the year-ago quarter. This marks VALE's highest output since the fourth quarter of 2018, driven by improved operating performances at Itabira and Brucutu. During the quarter, the S11D mine produced 22.1 Mt of iron ore, a 14% year-over-year increase. This was the seventh quarter of a year-over-year production improvement delivered by the mine, bolstered by ongoing asset ...

VALE S.A. (VALE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned +4.3%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Mining - Iron industry, which VALE falls in, has gained 3.7%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a ...

More than 5 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business rela ...

The latest trading session saw VALE S.A. (VALE) ending at $10.98, denoting a +1.76% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.47%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.28%. Prior to today's trading, shares of the company had gained 1.98% over the past month. This has lagged the Basic Materials sector's gain of 6.97% and the S&P 500's gain of 3.48% in that time. Market participants will be closely following the ...

Stock Performance - VALE S A ended the recent trading session at $10 91, showing a -1 27% change from the previous day's closing price, underperforming the S&P 500's daily gain of 0 71%, the Dow's gain of 1 03%, and the Nasdaq's gain of 0 6% [1] - Over the past month, VALE S A shares gained 11 5%, outperforming the Basic Materials sector's gain of 5 75% but underperforming the S&P 500's gain of 6 41% [1] Earnings and Revenue Projections - The upcoming earnings release for VALE S A is projected to show an EPS of $0 59, a 10 61% decrease from the same quarter last year, with revenue expected to be $10 45 billion, down 1 58% year-over-year [2] - For the full year, analysts expect earnings of $2 14 per share and revenue of $39 7 billion, representing changes of +16 94% and -4 98%, respectively, from last year [3] - Recent revisions to analyst estimates for VALE S A reflect evolving short-term business trends, with positive estimate revisions indicating a favorable business outlook [3] Valuation Metrics - VALE S A is currently trading at a Forward P/E ratio of 5 18, in line with its industry's Forward P/E ratio of 5 18 [6] - The company has a PEG ratio of 0 3, which is consistent with the Mining - Iron industry's average PEG ratio of 0 3 [6] Industry Overview - The Mining - Iron industry, part of the Basic Materials sector, has a Zacks Industry Rank of 105, placing it in the top 42% of all 250+ industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

The latest trading session saw VALE S.A. (VALE) ending at $11.52, denoting a +0.61% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.96%. Meanwhile, the Dow experienced a drop of 0.94%, and the technology-dominated Nasdaq saw a decrease of 1.18%. The company's stock has climbed by 13.03% in the past month, exceeding the Basic Materials sector's gain of 8.15% and the S&P 500's gain of 4.3%. Market participants will be closely following the financial results of VALE S.A. ...

Vale S.A. (VALE) reported a temporary suspension of operations at its Onça Puma nickel plant due to an outage at the local electricity company's transmission network. It estimates this disruption to impact its nickel production by 1.5- 2.0 kt in the fourth quarter of 2024. Despite this setback, Vale maintained its previously stated guidance of nickel production at 153-168 kt for 2024. The interruption was caused by damage to the local electricity company's transmission network after strong winds on Oct. 5. ...

Investment thesis: With signs of the global economy slowing down. We have to turn our attention to prospects for economic stimulus and what shape it is likely to take. Traditionally, governments tend to lean toward infrastructure projects as a means Analyst's Disclosure: I/we have a beneficial long position in the shares of VALE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ...

The Brazilian mining giant Vale SA VALE announced its commitment to significantly boost copper production under its new CEO, Gustavo Pimenta. Pimenta, a former CFO who became CEO after a turbulent succession process, spoke to the media for the first time in his new role. He acknowledged that Vale has "fallen behind on copper " compared to industry peers but plans to close that gap, Bloomberg reported. This year, Vale expects to produce between 320,000 and 355,000 metric tons of copper — well below the outpu ...