VALE Stock Recent News
VALE LATEST HEADLINES
VALE (VALE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Vale's 3Q24 report showed increased production but lower prices. Net revenue expected at $9.7 billion, with potential for strong 4Q24 sales. The increase in production was the largest since 2018, helped by seasonality. However, freight costs and lower ore prices are expected to squeeze margins. Despite this, the company trades at just 3.5x EBITDA, which seems like a great bargain given its robustness.
VALE S.A. (VALE) reachead $10.98 at the closing of the latest trading day, reflecting a +1.76% change compared to its last close.
VALE S.A. (VALE) concluded the recent trading session at $10.91, signifying a -1.27% move from its prior day's close.
VALE temporarily suspends operations at its Onca Puma nickel plant, which will likely lower its nickel output by 1.5-2.0 kt in the fourth quarter.
The Brazilian mining giant Vale SA VALE announced its commitment to significantly boost copper production under its new CEO, Gustavo Pimenta.
VALE S.A. (VALE) concluded the recent trading session at $11.72, signifying a +0.34% move from its prior day's close.
BRUSSELS--(BUSINESS WIRE)--Vale and Green Energy Park (GEP), an integrated European hydrogen company, have joined forces to deliver decarbonization solutions for the global steel sector. Through this partnership the companies will work on feasibility studies to develop a green hydrogen production facility to supply a future Mega Hub in Brazil, an industrial complex aimed at manufacturing low-carbon steel products. This joint initiative can provide an open platform for international partnerships.
Vale's shares have dropped 25% this year due to governance issues and iron ore price volatility, but the long-term investment thesis remains compelling. Despite political risks and Chinese economic challenges, Vale's low-cost production and dividend potential make it an attractive buy at current valuations. The company's diversification into energy transition metals like copper and nickel is promising, though iron ore remains the primary revenue driver.
VALE (VALE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.