Deutsche Bank is very positive about VALE and gave it a « $20.00 – $22.00 » rating on Apr 05, 2022. The price target was changed from 20.33 to 4.24. Over the last 30 days, this security got 2 buy, 0 sell, and 0 hold ratings.
Similarly, How does VALE make money?
Mining business
Iron ore: Vale is the world’s largest iron ore producer. Sales of iron ore fines and pellets represented 65% of total company revenues in 2014. In 2014, Vale sold 256 million metric tonnes of iron ore fines and 44 million metric tonnes of iron ore pellets.
Is VALE a buy Zacks? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Thereof, Does VALE stock pay a dividend?
VALE pays a dividend of $2.70 per share. VALE’s annual dividend yield is 13.86%. VALE SA’s dividend is higher than the US industry average of 5.31%, and it is higher than the US market average of 4.13%.
Is Rio a good stock to buy?
Rio Tinto PLC – Buy
Valuation metrics show that Rio Tinto PLC may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of RIO, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Is Vale the biggest mining company?
Vale is the world’s largest producer of iron ore, pellets, and nickel. Our trains transport more than one million passengers on Vitoria-Minas railroad and Carajás railroad every year. Our global workforce comprises around 120,000 direct and third-party employees.
Does Vale mine gold?
Vale SA, formerly Companhia Vale do Rio Doce, is a Brazil-based metal and mining company which is primarily engaged in producing iron ore and nickel. The Company also produces iron ore pellets, manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver and cobalt.
Is Tesla partnering with Vale?
March 30 (Reuters) – Tesla Inc (TSLA. O) has signed an undisclosed deal with Brazilian mining company Vale S.A. (VALE3.SA) for the supply of nickel to the electric car maker, Bloomberg News reported on Wednesday, citing sources.
Will VALE pay a dividend in 2022?
VALE Dividend History
| Ex/EFF DATE | TYPE | CASH AMOUNT |
|---|---|---|
| 03/09/2022 | CASH | $0.725 |
| 09/23/2021 | CASH | $1.506 |
| 06/24/2021 | CASH | $0.438 |
| 03/05/2021 | CASH | $0.736 |
Is VALE dividend sustainable?
Investors looking for Dividend Stocks should be aware that Vale has a Dividend that is not stable over the past quarters and 76.62% of the earnings are spent on the dividend by VALE, which is not a sustainable payout ratio.
How many times does VALE pay dividends?
The current Shareholders’ Remuneration Policy determines that the dividends will be paid semiannually, calculated in the income statement of the 1H, for the September installment, and in the income statement of the 2H, for the March installment.
Is Rio a Buy Sell or Hold?
Rio Tinto Group has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 5 buy ratings, 5 hold ratings, and 2 sell ratings.
Is Rio Tinto overvalued?
Summary. RIO’ has a weak valuation at its current share price on account of a overvalued PEG ratio due to strong growth. RIO’s PE and PEG are worse than the market average leading to a below average valuation score.
Is Rio Tinto undervalued?
Within the past 52 weeks, RIO’s P/B has been as high as 2.28 and as low as 1.58, with a median of 1.89. Value investors will likely look at more than just these metrics, but the above data helps show that Rio Tinto is likely undervalued currently.
Who bought Vale?
Vale SA’s (VALE) ownership structure is a bit unusual for a public company. A holding company called Valepar owns 53.9% of its shares, and the Brazilian government directly owns 6.5% of its shares.
Who are Vales customers?
Vale SA’s (VALE) major customer base for iron ore and iron ore pellets is located in the Asian market, which includes China, Japan, Taiwan, and South Korea. In 2013, China accounted for 47.7% of its total iron ore and iron ore pellets shipments.
Does Vale mine nickel?
Vale is the world’s largest producer of nickel, one of the most versatile metals in existence.
Does Vale produce platinum?
Vale’s precious metal production 2012-2020
In 2020, the company produced around 140,000 troy ounces of platinum. Vale S.A., formerly known by full name Companhia Vale do Rio Doce, is a Brazilian multinational metals and mining company, which also specializes in logistic operations.
Where is Vale mining located?
minerals, which include nickel, copper and aluminium. The company was founded on June 1, 1942 and is headquartered in Rio de Janeiro, Brazil.
Who is Tesla nickel supplier?
The company gets its nickel overseas. Vale, the Brazilian mining giant, is Tesla’s main nickel supplier, and the company has recently done a big deal to secure nickel supply from New Caledonia. But, North American production of nickel is limited, and Tesla is not sourcing locally.
Does Tesla mine lithium?
Tesla has secured a lithium supply contract with Ganfeng Lithium Co, the world’s largest producer of battery-grade lithium. China’s Ganfeng Lithium Co Ltd and its unit GFL International Co Ltd announced in a filing on the Shenzhen Stock Exchange today that they signed a three-year supply agreement with Tesla.
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