Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Vale S.A.
  6. News
  7. Summary
    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-12-01 pm EST
86.18 BRL   +0.55%
11/24Brazil's Lula won't have interventionist stance on Petrobras, aide says
RE
11/23Deutsche Bank Upgrades Vale to Buy From Hold, Raises Price Target to $20 From $19
MT
11/21SEC Reports Enforcement Stats—The "Risk-Reward Calculation Is Not What It Was"
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Brazil's Vale Shares Rise 4.5% After Base Metals Reorganization

09/30/2022 | 09:12am EST

By Jeffrey T. Lewis


SÃO PAULO--Vale SA shares rose 4.5% after the world's biggest iron ore producer said it is transferring its copper- and nickel-mining activities into separate units.

The shares rose to 71.52 reais, the equivalent of $13.22, and are down about 12% from the end of last year through Thursday's close. The benchmark Ibovespa stocks index was up 1.4% at the same time.

Rio de Janeiro-based Vale said Thursday after the close of trading that it would transfer its copper assets to an existing company owned by Vale, and that it would move the nickel-production assets into a new company. Both sets of assets would continue to be consolidated with Vale's earnings and would be wholly owned by the company.

The move could be the initial step of a plan to divest some or all of those assets, as some analysts have said that Vale's share price doesn't fully price in the value of the company's base metals production. Vale said Thursday that there is currently no decision regarding new transactions with those assets.


Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com


(END) Dow Jones Newswires

09-30-22 1112ET

Stocks mentioned in the article
ChangeLast1st jan.
VALE S.A. 0.55% 86.18 Delayed Quote.10.07%
All news about VALE S.A.
11/24Brazil's Lula won't have interventionist stance on Petrobras, aide says
RE
11/23Deutsche Bank Upgrades Vale to Buy From Hold, Raises Price Target to $20 From $19
MT
11/21SEC Reports Enforcement Stats—The "Risk-Reward Calculation Is Not What It Was"
AQ
11/18Indonesia faces difficult task to create OPEC-like group for nickel
RE
11/18MarketScreener’s World Press Review : November 18, 2..
MS
11/18Fitch Affirms Vale S.A. at 'BBB'; Outlook Stable
AQ
11/17General Motors Enters Nickel Sulfate Supply Agreement with Vale Canadian Unit
MT
11/17GM aims to lower EV battery cost, locks up supply deal with Vale
RE
11/17Vale to supply GM with nickel for EVs, starting in 2026
RE
11/11Brazil's Cosan swings to loss on higher debt costs
RE
More news
Analyst Recommendations on VALE S.A.
More recommendations
Financials (USD)
Sales 2022 43 288 M - -
Net income 2022 15 354 M - -
Net Debt 2022 7 246 M - -
P/E ratio 2022 4,62x
Yield 2022 7,49%
Capitalization 74 113 M 74 113 M -
EV / Sales 2022 1,88x
EV / Sales 2023 2,01x
Nbr of Employees 74 316
Free-Float 80,3%
Chart VALE S.A.
Duration : Period :
Vale S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VALE S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 16,32 $
Average target price 17,68 $
Spread / Average Target 8,35%
EPS Revisions
Managers and Directors
Eduardo De Salles Bartolomeo Chief Executive Officer
Gustavo Pimenta Chief Financial Officer & Investor Relations
José Luciano Duarte Penido Independent Director
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Director
Sector and Competitors
1st jan.Capi. (M$)
VALE S.A.10.07%74 113
FORTESCUE METALS GROUP LIMITED0.89%40 000
KUMBA IRON ORE LIMITED5.12%9 148
NMDC LIMITED-11.81%4 233
CSN MINERAÇÃO S.A.-42.58%4 041
BRADESPAR S.A.17.45%2 062