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Upgraded VALE to a buy due to favorable commodity backdrop, strong YTD performance, and improving fundamental conditions in South American equities. VALE's valuation is compelling, with a free cash flow yield above 10% and shares trading cheaply on a price-to-sales basis. Key risks include weaker commodity prices, global economic slowdown, higher interest rates, and political uncertainty.
Brazilian miner Vale confirmed on Friday that it will invest 70 billion reais ($12.26 billion) in its Carajas complex in northern Brazil through 2030.
Brazilian mining giant Vale is in advanced talks to sell a majority stake in a renewable energy unit and a solar plant to U.S.-based investment firm Global Infrastructure Partners (GIP), two people familiar with the matter said.
Zacks.com users have recently been watching VALE (VALE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
VALE's Q4 performance is likely to have benefited from increased copper revenues, offset by lower nickel and iron ore revenues as well as higher costs.
In the most recent trading session, VALE S.A. (VALE) closed at $9.56, indicating a +0.95% shift from the previous trading day.
VANCOUVER, British Columbia, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has executed a data purchase agreement (the “Agreement”), with Vale Exploration Peru S.A.C., a wholly owned subsidiary of Vale Canada Limited (“Vale”). Under the terms of the Agreement, Vale has delivered a comprehensive package of exploration data covering Latin Metals' 100%-owned Para copper project (“Para”) and extending to the surrounding area. As consideration for the exploration data, the Company has granted a time-limited Right of First Offer to Vale, which will become valid on completion of a prefeasibility study and expire in 2035.
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Dublin, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Vale S.A. 2024" report has been added to ResearchAndMarkets.com's offering.
VALE (VALE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.