- Vale’s iron ore production reached 90.97 million metric tonnes in Q3, exceeding expectations and marking a 5.5% year-over-year increase.
- Pellet production by Vale came in at 10.36 million tonnes, up 13% from the previous year and slightly above the estimated 10.34 million tonnes.
- Nickel production was at 47,100 tonnes for the quarter, reflecting a 12% yearly growth and surpassing the 42,402 tonnes estimate.
- Copper production rose to 85,900 tonnes, posting a 5.3% increase compared to the previous year.
- Analyst recommendations for Vale include 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 | 3 | |
| 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 are highlighting Vale’s long-term outlook as positive, with a particularly strong performance in the dividend factor, scoring a solid 5 out of 5. This indicates that Vale is robust in terms of distributing profits to its shareholders, making it an attractive option for investors seeking income generation.
Furthermore, Vale’s resilience score of 4 reflects its ability to withstand various economic conditions and external pressures, adding a layer of stability to its overall performance. With a mix of moderate scores in value, growth, and momentum, Vale is positioned as a reliable player in the market, solidifying its place as a key player in the industry based in Brazil.
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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