• Vale’s Iron ore production was up by 6.1% year on year (y/y) hitting 70.84 million Metric Tonnes, surpassing the estimate of 68.48 million tonnes.
• The company produced 8.47 million tons of pellets, recording an increase of 1.8% y/y, but fell short of the estimated 9.76 million tons.
• Nickel production reached 39,500 tonnes, a decrease of 3.7% y/y, but exceeded the estimated output of 37,561 tonnes.
• Copper production was impressive with an upsurge of 22% y/y, reporting a figure of 81,900 tonnes, going beyond the estimate of 78,632 tonnes.
• Iron ore sales garnered an increase of 15% y/y with a total of 52.55 million metric tonnes, although it didn’t meet the estimated 55.19 million metric tonnes.
• Pellet sales reported a 13% rise y/y, with 9.23 million metric tonnes sold, being just under the estimated sales of 9.28 million metric tonnes.
• Total sales of nickel declined by 17% y/y, reporting 33,100 tonnes of sales, lower than the estimated 38,766 tonnes.
• Copper followed a successful sales trajectory with an increase of 22% y/y, selling 76,800 tonnes, which is just under the estimated sales of 76,820 tonnes.
• The company’s forecast for iron ore production remains at 310 million to 320 million Metric Tonnes.
• It still sees an estimate of 160,000 to 175,000 tonnes for nickel production.
• It maintains its copper production estimate within the bracket of 320,000 to 355,000 tonnes.
• There were 10 buy recommendations, 3 holds, and no sell recommendations for Vale’s stock shares.
A look at Vale Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| 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
Based on the Smartkarma Smart Scores, the long-term outlook for Vale is promising. With a strong dividend score of 5, investors can expect to receive attractive returns in the form of dividends. Additionally, the company scores well in growth and resilience, with scores of 4 in both categories. This indicates that Vale has good potential for future growth and is well-positioned to withstand economic challenges. Although the momentum score is lower at 2, the overall outlook for Vale remains positive.
Vale S.A. is a Brazilian company that specializes in the production and sale of various commodities including iron ore, nickel, copper, and aluminum. Operating railroads and maritime terminals in Brazil, Vale has established itself as a key player in the global mining industry. With a solid Value score of 3 and strong scores in dividends, growth, and resilience, Vale is positioned to continue its success in the long term.
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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