According to the average brokerage recommendation (ABR), one should invest in VALE (VALE). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
(Bloomberg) -- Brazil expects the next chief executive officer for Vale SA, the world’s second-largest iron ore producer, to have closer relations with officials and regulators even after public scrutiny over government influence on the company’s succession plan roiled a leadership search earlier this year. Most Read from BloombergFrance’s Macron Calls for Reset of Economic Ties With ChinaIsrael Shuts Gaza Crossing After Hamas Rocket Barrage From RafahBuffett Praised Apple After Trimming It, Dro
(Bloomberg) -- Brazil’s government rejected mining giants Vale SA and BHP Group Ltd.’s offer to pay about $25.7 billion (127 billion reais) in total compensation for a 2015 tailings dam disaster at the companies’ iron ore joint venture Samarco Mariana.Most Read from BloombergFrance’s Macron Calls for Reset of Economic Ties With ChinaEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventBerkshire Cash Hoard Scores Another Record as Earnings GainThe World’s Hunger for Salmon Is Linked to a