|Bid||11.44 x 43500|
|Ask||11.57 x 34100|
|Day's Range||11.47 - 11.69|
|52 Week Range||10.20 - 16.13|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||17.87|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.61|
The Sao Paulo. index rose 1%, with materials stocks pushing up the index the most. Chilean stocks rose about 0.3% and were slated for a seventh straight session of gains. The Mexican peso rose about 0.4% to near a one-month high.
Declining debt levels and focus on improving quality, productivity and lowering costs in the iron ore business will drive Vale's (VALE) growth despite the impact of the Brumadinho disaster.
RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil's Vale SA hopes to wrap up a global compensation settlement for victims of its deadly January dam burst by year-end, its chief financial officer said on Thursday, a day after the company announced $2 billion in related charges. It remains unclear whether the writedowns taken so far would cover such a victims' settlement. Vale has been trying to ramp up production after several of its mines were shuttered as prosecutors and regulators scrambled to avoid a recurrence of the collapse of the Brumadinho dam, which killed nearly 248 people.
Despite lower iron production on account of the Brumadinho dam rupture, higher iron ore prices are likely to buoy Vale's (VALE) second-quarter earnings and revenues.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Vale S.A (VALE) maintained 2019 iron ore and pellets sales guidance at 307-332 Mt and stated that its expected sales volume will move toward the midpoint of the range.
Vale S.A's (VALE) annualized iron ore production is affected by about 92.8 Mt owing to suspended various operations, following the dam disaster.
Brazilian mining company Vale SA said on Monday it would pay 400 million reais ($106.52 million) to compensate workers affected by the deadly rupture of a tailings dam in January that killed at least 240 people. In a statement, Vale said the deal also involves individual compensation for moral and material damages, including job stability and other benefits for a certain period of time. In May, the company said it was taking $2.42 billion (£1.93 billion) in writedowns for payments to victims' families and estimated out-of-court settlements for various damages related to the dam collapse, including $247 million for a "framework agreement" with labor prosecutors.
Cleveland-Cliffs (CLF) is set to release its Q2 earnings before markets open on July 19, and hold a conference call with analysts and investors at 9:00 AM Eastern Time that day.
China consumes more than 70% of seaborne-traded iron ore. As a result, iron ore investors should track China's demand and outlook. Today, China released its trade data for June. China's iron ore imports were 75.18 million tons in June—9.7% lower YoY (year-over-year) and 10.2% lower month-over-month. In June, China's imports fell to the lowest level […]