|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.86 - 10.18|
|52 Week Range||7.43 - 11.72|
|PE Ratio (TTM)||14.59|
|Dividend & Yield||0.29 (2.88%)|
|1y Target Est||11.16|
NEW YORK/VANCOUVER (Reuters) - Vale SA (Sao Paolo:VALE5.SA - News) has decided to postpone the sale of a stake in its New Caledonia nickel mine after the initial bids for the asset came in at the lower end of expectations, two people with knowledge of the matter said. The sale may be delayed for up to a year, as the Rio de Janeiro-based company anticipates a rebound in nickel prices, the sources said, requesting anonymity because they were not authorized to address the matter publicly. One source said Vale was seeking an investment of $500 million to $1 billion in New Caledonia, which has suffered technical setbacks, a chemical spill and violent protests.
Vale S.A. (VALE) is poised to grow on the back of strong productivity, lower debt and greater cost discipline. However, declining iron-ore prices remain a major concern.
Vale (VALE) now has a forward EV-to-EBITDA multiple of 5.4x. This implies a discount of 24.0% to its past five-year average multiple.
Vale’s base metals production rose in 3Q17, with copper production jumping 16.0% and nickel production climbing 10.2% sequentially.
In the current scenario, when iron ore prices have fallen sharply and expectations of a rebound in the near term are weak, the mining companies will be adversely impacted.
China’s property sector is one of its most steel-hungry sectors, accounting for close to 50% of overall steel demand. Therefore, it is important for steel investors to keep tabs on…
China, the largest consumer of iron ore (COMT), contributes more than two-thirds of the world’s seaborne-traded iron ore. Therefore, we can track China’s iron ore imports and the outlook for…
After rising unexpectedly, iron ore prices have fallen into bear territory once again. As China gets ready to cut its steel capacity for four months on November 15, 2017, the…
Brazilian stocks are expensive on prospects for margin expansion next year, but there's more to come Credit Suisse says. Analysts Andrew T. Campbell and Otavio Tanganelli write that equities in Brazil ...
Some market observers have cited China’s winter steel production cuts as a bearish driver for iron ore prices. There could be some merit to this argument.
Real estate directly impacts 40 other sectors in China. It’s important for iron ore investors to track China’s real estate growth (TAO), as this sector accounts for the majority of steel consumption in ...
China is the world’s largest consumer of iron ore. Therefore, to gauge the outlook for iron ore demand, it's important to track China’s iron ore import data.
Iron ore shipments from major ports in Australia and Brazil (EWZ) represent a large portion of the supply side of the iron ore equation.
Iron ore prices have been on a roller coaster ride in 2017. Prices peaked at $95 per ton in February 2017. After that, they fell to $53 per ton in June 2017.