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This week in Cheap Seats: Stocks Under $20 segment, we're taking a look at two stocks presenting an interesting buying opportunity: Cassava Sciences Inc (NASDAQ:SAVA) and Vale SA (NYSE:VALE).
VALE S.A. (VALE) reachead $12.05 at the closing of the latest trading day, reflecting a -0.5% change compared to its last close.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Iron ore prices have rebounded in Q2, benefiting Brazil-based Vale S.A., the largest producer of iron ore. Vale's Q1 net profit was hampered by weakness in commodity prices, but a resource rebound could boost earnings in the current quarter. Vale's valuation is compelling, but its technical chart shows caution, with key support at $11 and resistance at $15.
Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen by Reuters on Tuesday.
Vale S.A. (NYSE:VALE ) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Eduardo Bartolomeo - Chief Executive Officer Gustavo Pimenta - Executive Vice President, Finance and Investor Relations Marcello Spinelli - Executive Vice President-Iron Ore Solutions Carlos Medeiros - Executive Vice President-Operations Mark Cutifani - Chairman-Vale Base Metals Conference Call Participants Rafael Barcellos - Bradesco BBI Caio Ribeiro - Bank of America Carlos De Alba - Morgan Stanley Jon Brandt - HSBC Leonardo Correa - BTG Pactual Myles Allsop - UBS Timna Tanners - Wolfe Research Ricardo Monegaglia - Safra Gabriel Simoes - Goldman Sachs Operator Good morning, ladies and gentlemen. Welcome to Vale's First Quarter 2024 Earnings Call.
Vale's (VALE) first-quarter results are likely to reflect higher sales volumes for iron ore and copper. However, decreased sales volumes for nickel, lower prices and higher costs are likely to have offset its performance.
Vale S.A. has made significant safety improvements, removing 90% of tailings and decreasing its injury rate by over 60%. The company is expanding its iron ore capacity, with plans to add 50 million tonnes/year by 2026. Vale's financial performance has been strong, with increased EBITDA and cash flow, enabling substantial shareholder returns.
In the closing of the recent trading day, VALE S.A. (VALE) stood at $12.50, denoting no change from the preceding trading day.
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.