Vale Q3 Profit Surges On Higher Prices, Volume

Iron ore sales reached 76.38 million tonnes in Q3 or 10.7% more than the previous quarter, due to the ramp-up of the S11D mine, the company says. The firm has a 50-day moving average of $10.42 and a 200-day moving average of $9.39. For the current quarter Vale S.A. (NYSE:VALE) has high EPS estimates of $0.61 in contradiction of low EPS estimates of $0.03.

Total shares held by institutions as of the most recent company filings are 4,402,036,578 with a reported 89,542,414 bought and 31,467,782 sold. BidaskClub downgraded shares of Vale from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 25th. However, the figure was shy of an average consensus estimate of $2.439 billion. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock.

Wall Street analysts are predicting that Vale S.A. (NYSE:VALE) will report earnings per share of $0.33 in their quarterly report. State of Wisconsin Investment Board increased its holdings in shares of Vale by 108.9% in the 2nd quarter. Royal Bank Of Canada set a $11.00 price objective on shares of Vale and gave the company a "hold" rating in a report on Tuesday, October 10th.

Previously Vale S.A. (NYSE:VALE) reported $0 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $-0.17 with surprise factor of -100%. JPMorgan Chase & Co. raised shares of Vale SA from a "neutral" rating to an "overweight" rating and set a $7.00 target price for the company in a research report on Monday, September 12th. Jefferies Group LLC reissued a "hold" rating and issued a $8.50 price target on shares of Vale in a research report on Friday, July 14th. Vale had a net margin of 11.01% and a return on equity of 16.74%. Wedbush Securities Inc. now owns 12,991 shares of the basic materials company's stock valued at $114,000 after acquiring an additional 84 shares during the last quarter. Capital expenditure in the quarter was $863 million. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company's stock valued at $95,804,000 after buying an additional 3,892,825 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Vale in the 2nd quarter valued at $127,000. Finally, GAM Holding AG increased its holdings in shares of Vale by 1.8% in the 2nd quarter.

Investors may be trying to get a read on the next big stock market move. The stock's market cap is $28.76 billion.

For 2017 the Brazilian miner expects to produce 360-380m tonnes, but in comments with the release of the financial results Vale said ore production will grow to 390m tonnes next year and 400m tonnes in 2019.

Like this


27 October 2017
Florida players, including Antonio Callaway, Jordan Scarlett, receive pre-trial intervention
Offensive tackle Kadeem Telfort is reportedly facing up to 30 felony charges and defensive end Jordan Smith is facing five. It was reported Thursday that Gators receiver Antonio Callaway has entered a pre-trial intervention agreement.

27 October 2017
Oppo R11s listed online ahead of November 2 announcement
Connectivity options like 4G VoLTE, WiFi 802.11 ac (2.4GHz + 5GHz), Bluetooth 4.2, GPS + GLONASS should be present. The smartphone also features a rear-mounted fingerprint sensor , that is housed on the back panel of the device.

27 October 2017
Anthony Davis 'more than likely' will miss Thursday's game vs. Sacramento
After the game, Pelicans coach Alvin Gentry said the MRI was negative. "More than likely he's probably out", Gentry said.

27 October 2017
Illinois House rejects gun 'bump stock' ban as too broad
He said Moylan's measure would mean "turning law-abiding citizens into criminals". "Things they now own are going to be illegal". Supporters of the measure tried urging lawmakers to vote for the measure now to avoid yet another tragedy from happening.

27 October 2017
Kyrie Irving Expresses (Irrational) Concern For Bucks' Throwback Court
Apparently, ProStar Surfaces did so good a job that it has Irving convinced the court is the real deal. Well, the Boston Celtics guard was at it again Thursday.

27 October 2017
Shutterfly, Inc. (SFLY) Given Average Rating of "Hold" by Analysts
This particular stock's 5-day moving average is 47.93, its 20-day moving average is 48.54 and its 100-day moving average is 47.55. During current year the company's forecasts over growth are -8.9% while for the next year analysts' growth estimation is 253.7%.

27 October 2017
5 people wounded in two separate grenade blasts in Indian-controlled Kashmir
An official said that militants fired a rifle grenade towards the 180 battalion CRPF camp at around 6.15 p.m. Jammu and Kashmir has recently seen a rise in grenade attacks on security personnel as well as civilians.

27 October 2017
The Crown reveals star Claire Foy's replacement for season 3 and 4
Colman will take over the role of Queen Elizabeth for seasons 3 and 4 of the acclaimed period drama, EW has learned. Foy, 33, snagged an Emmy nomination and a Golden Globe win for her portrayal of the royal. "I'm gone.

27 October 2017
Del Potro wins opener in Basel to keep London hopes alive
The fourth seed, who won the Basel title in 2012 and 2013, came through in straight sets against Frenchman Benneteau 6-4 6-4. Open champion as he blazed away with his power game but a lapse at 4-4 in the second set allowed Sousa to break and level.

27 October 2017
After months at sea, 2 Hawaii women their dogs are finally rescued
Thankfully, they had water purifiers onboard so they could drink, and a years' supply of dry food like rice, pasta, and oatmeal. Ultimately, Taiwanese and Japanese rescue personnel were contacted, as well as the Joint Coordination Center in Honolulu.