|Bid||13.05 x 800|
|Ask||13.06 x 46000|
|Day's range||12.93 - 13.13|
|52-week range||10.89 - 16.13|
|Beta (3Y monthly)||0.06|
|PE ratio (TTM)||18.81|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.65|
Iron Ore Prices Could Be Supported after Vale’s Mine Restart(Continued from Prior Part)Iron ore prices fall Iron ore prices took a major step up after supply disruptions from Vale (VALE) became evident. Read Is the Party Just Getting Started for
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Why Analysts Expect Alcoa’s Earnings to Fall Sharply in Q1(Continued from Prior Part)Steel Last year, alumina prices surged to record highs. US sanctions on RUSAL coupled with the closure of Norsk Hydro’s Alunorte refinery lifted alumina prices.
Wall Street's main markets were eyeing a return to all-time highs on Wednesday after a raft of Chinese data beat expectations, easing concerns about the health of its economy. With Wall Street also digesting results from the likes of Morgan Stanley and U.S. trade data, the Euro Stoxx 600 and German DAX inched higher, though London's FTSE struggled as a near 5 percent drop in iron ore prices hit its miners.
Britain's FTSE 100 was off its six-month high as a fall in miners over Vale's plans to reopen a major Brazilian mine offset gains in banks after upbeat data from China, while Bunzl sank on a slowdown in revenue growth. The FTSE 100 was little changed by session end, lagging its peers on Wall Street and in Europe, while mid-caps gave up 0.3 percent. Business supplies distributor Bunzl plunged 9.3 percent on its worst day in a decade after reporting a slowdown in quarterly growth due to sluggish performance of its grocery and retail business in North America, its biggest market.
LONDON/SYDNEY, April 17 (Reuters) - World stocks inched higher after a raft of Chinese data beat expectations on Wednesday and though benchmark bond yields and the Aussie dollar did the same, Europe struggled to join in. In early European trades, the regional Euro Stoxx 600 and German DAX were mostly unchanged while London's FTSE was a shade weaker as near 5 percent drop in iron ore prices hit its heavyweight miners.
The FTSE 100, which had climbed to its highest since early October the day before, was 0.3 percent lower by 0710 GMT. Sentiment was sour despite a rise in Asian shares after Chinese economic reports beat expectations, a sign that Beijing's stimulus may finally be paying off in the world's second-largest economy. London-listed shares in Rio Tinto fell nearly 3 percent and BHP Group, the world's biggest mining company, gave up 2.3 percent after cutting its target for iron ore output following a tropical cyclone.
Brazilian iron ore miner Vale SA said in a securities filing late on Tuesday that within 72 hours it expects to resume operations at the Brucutu mine, its largest in Minas Gerais state. Brucutu was shuttered in early February by request of Minas Gerais state prosecutors after a tailings dam burst in late January in the town of Brumadinho, killing hundreds of people. Earlier on Tuesday, a Brazilian court had overturned an injunction that prevented Vale from reopening the mine even after authorization was given by the state of Minas Gerais in early March.
Indonesia lifted a tsunami warning but urged people to remain vigilant and evacuate to higher ground after an earthquake of magnitude 6.8 struck off the coast of its island of Sulawesi. Indonesia suffered its highest death toll in natural disasters in more than a decade last year, following two major tsunamis and several earthquakes, with more than 3,000 killed in Palu, also in Central Sulawesi, the site of Friday's earthquake. In the twin quake-and-tsunami tragedy that hit Palu in September last year, high waves hit the shore after the tsunami warning had been lifted.
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Barclays upgrades iron ore price forecast Barclays is optimistic about the iron ore price outlook given the supply disruptions from Australian miners as well as Vale’s
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Credit Suisse As iron ore supply disruptions, at least from Vale (VALE), don’t look likely to go away easily, analysts have started another round of upgrades for iron
Prosecutors are planning to file criminal charges against Brazil's miner Vale SA and its employees over the collapse of a mine-waste dam in January that killed hundreds of people, the Wall Street Journal reported, citing the lead investigator. Investigators have gathered enough evidence to affirm that Vale employees involved in the mine operation knew the dam was unsafe, the report said, quoting Jose Adercio Leite Sampaio, the prosecutor heading the probe. "At this point, we know that the operational side knew [that the dam was at risk of collapse], but did Vale's directors know?" Sampaio said in an interview with the Journal.
Is the Party Just Getting Started for Iron Ore Miners?(Continued from Prior Part)Vale’s dam disasterVale’s (VALE) iron ore production and shipments estimates have been negatively impacted by the dam burst on January 25. You can read Vale’s Q4
Is the Party Just Getting Started for Iron Ore Miners?Iron ore prices touch five-year high Iron ore prices are again touching multiyear highs. According to the Metal Bulletin, the benchmark iron ore prices (62% iron ore content) surged to ~$95.3 per