- Vale has increased its iron ore production forecast for the fiscal year.
- The new forecast for iron ore production is between 323 million to 330 million metric tonnes.
- Previously, the iron ore production target was set between 310 million to 320 million metric tonnes.
- For nickel, Vale has adjusted its production forecast to 153,000 to 168,000 tonnes.
- Earlier, the nickel production forecast ranged from 160,000 to 175,000 tonnes.
- 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 | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| 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, Vale is positioned for a positive long-term outlook. The company excels in areas such as dividends and value, with a strong resilience score as well. This indicates that Vale is likely to provide stable returns to investors and has solid financial health. While growth and momentum scores are not as high, the overall outlook for Vale remains optimistic.
Vale S.A., a Brazil-based company, specializes in the production and sale of various minerals and metals. With a focus on iron ore, the company also deals in a range of other resources including copper, gold, and aluminum. Operating its own railroads and maritime terminals in Brazil, Vale is a crucial player in the global mining industry. With strong scores in dividends and value, Vale presents a reliable investment option for those seeking stability and potential growth in the long run.
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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