- Vale’s iron ore production in Q3 was 94.40 million metric tonnes, exceeding estimates and showing a 3.8% increase from the previous year.
- Pallet production dropped by 23% year-over-year to 8.00 million tonnes, missing the estimate of 8.22 million tonnes.
- Nickel production slightly decreased by 0.6% compared to the previous year, totaling 46,800 tonnes, but still surpassed the projected estimate of 41,926 tonnes.
- Copper production rose by 5.7% year-over-year, amounting to 90,800 tonnes, aligning closely with the estimate of 89,109 tonnes.
- Iron ore sales were 75.02 million metric tonnes, marking an 8.2% increase from the previous year, although slightly below the estimate of 75.79 million metric tonnes.
- Pallet sales amounted to 8.77 million metric tonnes, declining by 14% year-over-year but surpassing forecasted figures.
- Total nickel sales saw a 5.4% increase year-over-year, reaching 42,900 tonnes and exceeding the estimate of 41,728 tonnes.
- Analyst ratings included 12 buy recommendations, 4 hold recommendations, and no sell recommendations.
A look at Vale Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have evaluated Vale S.A.’s long-term outlook using their Smart Scores system. With a solid overall score based on various factors, Vale is seen positively in terms of dividends and resilience. The company’s dividend score of 4 indicates a promising return for investors, while its resilience score of 4 suggests a strong capability to weather challenges.
However, Vale’s scores for value and growth are moderate, standing at 3 and 2, respectively. This implies that the company may not be undervalued and may have limited growth potential in the near future. On the bright side, the momentum score of 5 indicates strong forward-looking performance. Overall, with a mix of positive and moderate scores, Vale appears to be a reliable company with good dividend prospects and resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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