We initiate coverage on VALE US, one of the world's biggest iron ore producers, with high-grade iron ore and low-cost production. The stock trades at an EV-EBITDA of 3.5x with a 8% dividend yield
What is covered in the Full Insight:
Introduction to Vale (VALE US)
Vale's Safety Record
Investment Case for Vale
Valuation and Summary
Iron Ore Sector Overview
SUMMARY
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