Vale S.A (VALE) shares have plunged 34.3% in the year-to-date period, underperforming the broader Zacks Basic Materials sector's 4.5% decline and the S&P 500's climb of 16.8%. The downtrend in iron ore prices has been reflected in its share price movement. China's property crisis has weighed on demand for the steel-making ingredient. Beside low iron ore prices, Vale has been grappling with elevated input costs, particularly freight. VALE's YTD Price Performance Versus Sector & S&P Zacks Investment Research ...

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 -2.5%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Mining - Iron industry, which VALE falls in, has lost 4.5%. The key question now is: What could be the stock's future direction? While media releases or rumors about a sub ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced a definitive agreement under which Apollo-managed affiliates, funds and other long-term investors will invest $600 million to acquire a 50% interest in a joint venture entity related to the Vale Oman Distribution Center ("VODC") from Vale S.A. ("Vale" or the "Company"). VODC operates a maritime terminal in Sohar, Oman, with a large deep-water jetty and an integrated iron ore blending and distribution center with a nominal capacit ...

Vale S.A. (VALE) reported second-quarter 2024 adjusted earnings per share of 43 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line marked a 115% surge from earnings of 20 cents per share reported in the year-ago quarter. The improvement in earnings was attributed to higher iron ore shipments, increased copper sales, as well improved copper and iron ore prices. However, this was somewhat offset by a decline in nickel sales volumes and prices. Net operating revenues were up 3% year ov ...

Monty Rakusen/DigitalVision via Getty Images Last October I updated my view on Vale (NYSE:VALE) citing that iron ore prices were likely to remain higher for longer given that its main customer, the Chinese steel sector, was exporting its "over capacity" and maintaining a steady demand for iron ore while the supply was generally balanced. While this has been the case that I believe will continue, the stock price is down 10% (-2% with dividends) worse than its Australian peers, and suggests the market has ful ...

Now I would like to provide more color on our realized all-in premiums for the quarter. Vale has many sites and a broad product portfolio, ranging from high silica products that trade at discounts compared to the benchmark to direct reduction pellets with a 67% iron ore content. Typically, high silica products from the southern and southeastern systems are blended with Carajás to create our main product, BRBF. This is a premium product with low alumina and 5% silica content. As the average silica content na ...

Agreement Details - Ero Copper Corp has signed a definitive earn-in agreement with Salobo Metais S A, a subsidiary of Vale Base Metals Limited, to earn a 60% interest in the Furnas Copper Project located in the Carajás Mineral Province in Pará State, Brazil [1] - The terms of the Agreement align with the previously signed binding term sheet outlined in the Company's press release dated October 30, 2023 [2] Company Overview - Ero Copper Corp is a high-margin, high-growth, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B C [3] - The Company's primary asset is a 99 6% interest in the Brazilian copper mining company, Mineração Caraíba S A, which owns the Caraíba Operations including the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Project [3] - The Company also owns 97 6% of NX Gold S A, which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso, Brazil [3] Additional Information - For more information on the Project, including location maps, geologic cross sections, historical drill intercepts and a description of the Company's work programs, refer to the Company's press release dated October 30, 2023 [2] - Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations and Tucumã Project, can be found on SEDAR+ and EDGAR [3]

Andyborodaty/iStock via Getty Images Investment Thesis However, we had negative points, with realized prices coming in below expectations and indicating that the company will once again report results below expetations. In the quarter, we also saw developments in the legal proceedings involving Samarco. Hello reader, in this report I will show you the production and sales data in 2Q24 released by Vale on July 16th. Remember that this type of report usually gives clues that anticipate the financial results, ...

VALE S.A. (VALE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Revisions to Earnings Estimates VALE is expected to post earnings of $0.40 per share for the current quarter, representing a year-over-year change of +100%. Over the last 30 days, the Zacks Consensus Estimate has changed -3.1%. The chart below shows the evolution of the company's forward 12-month consensus EPS est ...

The Federal Reserve has raised its policy interest rate by 5.25 percentage points since March 2022. It is now substantially above all main U.S. inflation measures, most notably versus the PCE Index used by the Fed to set its inflation target. I have talked about the risk of resurging inflation for more than a year in my articles. It's one of the reasons I have pushed gold/silver investments, and why I now believ increasing your exposure to oil/gas names makes sense. Two of my latest articles were on Texas/O ...