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VALE

Vale S.A.

https://www.vale.com

Industry

Industrial Materials

Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services. The Base Metals segment produces and extracts nickel and its by-products, such as gold, silver, cobalt, precious metals, and others, as well as copper. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

Open

9.91

Mkt cap

42B

Volume

14M

High

9.91

P/E Ratio

4.54

52-wk high

16.08

Low

9.78

Div yield

0.14

52-wk low

9.66

Vale's (NYSE:VALE) short interest has increased by 4.72% since the last report, with 48.12 million shares sold short, representing 1.11% of its float. It would take about 3.03 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards Vale, although it has less short interest compared to its peers' average of 4.37%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:00 pm

Benzinga Insights identifies notable value stocks in the basic materials sector based on low P/E ratios. Sociedad Quimica Y Minera (SQM), Vale (VALE), ArcelorMittal (MT), Suzano (SUZ), and AdvanSix (ASIX) are highlighted for their valuation. SQM and Vale reported changes in earnings per share and dividend yields, with SQM's dividend yield increasing significantly. ArcelorMittal, Suzano, and AdvanSix also saw changes in earnings per share, with Suzano and AdvanSix reporting decreases.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 2:38 pm

Commercial Metals (NYSE:CMC) announces a dividend payout of $0.16 per share with an annualized yield of 1.31%, indicating a steady return to shareholders. The company has shown consistent dividend growth from $0.48 in 2020 to $0.64 in 2023, alongside an increase in earnings per share from $2.64 in 2020 to $7.39 in 2023. This financial health suggests the potential for sustained dividend distributions. Vale (NYSE:VALE) leads the industry with a 9.25% annualized dividend yield.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:05 pm

Investors have shown a significant interest in Vale (NYSE:VALE) options, with an unusual volume of trades indicating a split sentiment, half bullish and half bearish. The options activity suggests an expected price window of $13.0 to $14.0 for Vale. The company, a global miner and the world's largest producer of iron ore and pellets, is focusing on its core assets and is expected to separate its base metals and iron ore businesses by early 2024. Currently, Vale's stock is slightly down with an RSI indicating it may be oversold, and its next earnings report is due in 14 days.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 3:02 pm

Metals Acquisition Limited (MTAL) is pursuing a dual listing in Australia with an IPO aiming to raise A$300 million for repaying a loan, increasing working capital, and other expenses. Vale S.A. (VALE) and BHP Group Limited (BHP) have been ordered by a Brazilian judge to pay $9.67 billion for damages from a 2015 dam collapse. Freeport-McMoRan Incorporated (FCX) is expected to benefit from rising copper and gold demand, with significant sales and active projects tracked for 2024.

Portfolio Pulse from Austin DeNoce

January 26, 2024 | 8:57 pm

Brazilian federal judge orders Vale SA (NYSE:VALE) and BHP Group Ltd (NYSE:BHP) to pay $9.67 billion for damages related to the 2015 dam collapse in Mariana. The collapse resulted in 19 deaths and severe pollution of the Rio Doce River. The funds are designated for repair and compensation actions. Vale has not been notified of the decision but remains committed to supporting the reparation through the Renova Foundation. Vale's and BHP's shares are down in premarket trading.

Portfolio Pulse from Lekha Gupta

January 26, 2024 | 12:55 pm

Benzinga Insights has identified five value stocks in the basic materials sector based on low P/E ratios, indicating potential undervaluation. The stocks include Clearwater Paper (CLW), ArcelorMittal (MT), Vale (VALE), Compañía de Minas (BVN), and Cabot (CBT). The article provides recent earnings per share data and dividend yield changes for these companies, suggesting their financial performance and shareholder returns.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:39 pm

Vale Inc. (NYSE:VALE) shares dropped by 1.31% to $15.10 in the current market session, with a 3.07% increase over the past month but a 15.92% decrease over the past year. Vale's P/E ratio of 7.29 is lower than the Metals & Mining industry average of 15.4, suggesting potential undervaluation or weaker growth prospects. Investors are advised to consider P/E ratios among other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 1:45 pm

Vale (NYSE:VALE) has seen a 6.6% increase in short interest since the last report, with 48.99 million shares sold short, representing 1.13% of available shares. It would take 2.47 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Vale's short interest is below its peer group average of 4.68%. This rise in short interest does not necessarily predict a near-term price drop, but it suggests traders are more bearish on Vale.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:45 pm

Benzinga Insights identifies value stocks in the basic materials sector with low P/E ratios, suggesting undervaluation. Vale (VALE), Origin Mat (ORGN), Warrior Met Coal (HCC), Sylvamo (SLVM), and Mosaic (MOS) are highlighted. Vale, Origin Mat, and Warrior Met Coal reported increased earnings per share (EPS) compared to the previous quarter, while Sylvamo and Mosaic experienced mixed results. Dividend yields varied, with some companies reporting decreases and others increases.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 2:38 pm

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