- Vale’s iron ore production for Q2 2024 was 80.60 million metric tonnes, up 2.4% year over year (y/y), beating the estimate of 78.85 million.
- Pallet production was 8.90 million tonnes, down 2.4% y/y, falling short of the 9.72 million estimate.
- Nickel production stood at 27,900 tonnes, a significant 24% decrease y/y, well below the 39,513 tonnes estimate.
- Copper production was 78,600 tonnes, a minor 0.3% decrease y/y but slightly above the estimate of 77,977 tonnes.
- Iron ore sales reached 68.51 million metric tonnes, an 8.2% increase y/y, surpassing the 65.58 million estimated.
- Pellet sales were 8.86 million metric tonnes, up 0.6% y/y but below the 9.90 million estimate.
- Total nickel sold was 34,300 tonnes, a 15% drop y/y, missing the estimate of 38,532 tonnes.
- Copper sold amounted to 76,100 tonnes, a 3.1% increase y/y, slightly under the estimate of 76,732 tonnes.
- Vale maintains its 2024 forecast for iron ore production at 310 million to 320 million metric tonnes.
- Nickel production forecast remains at 160,000 to 175,000 tonnes for the year.
- Copper production forecast is still at 320,000 to 355,000 tonnes for the year.
- Analyst consensus includes 10 “buy” ratings, 3 “hold” ratings, and no “sell” ratings.
A look at Vale Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
When looking at the long-term outlook for Vale S.A., a company based in Brazil specializing in the production and sale of various minerals, the Smartkarma Smart Scores paint a positive picture. With a high score of 5 in Dividend and strong scores of 4 in Resilience and Momentum, Vale seems well-positioned for the future. The company’s ability to provide consistent dividends to its investors, along with its resilience in navigating market challenges and maintaining momentum in its operations, bode well for its long-term prospects.
In addition, Vale scores a respectable 3 in both Value and Growth factors. While not the highest scores, these indicate that the company still holds value and potential for growth in the market. Overall, with a mix of strong dividend payouts, resilience to market fluctuations, and steady growth potential, Vale appears to be a solid investment option for long-term investors looking for stability and returns in the mining and minerals sector.
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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