Yes, I know. You might jump on a grenade. But there is a little light at the end of the tunnel. Iron Ore miners get high Zacks Industry Rank marks this week, after a spate of earnings estimate upgrades. What’s the catch to that? There are only 5 companies in the industry. And the earnings estimates are going from losing money over the next year to making nothing.
Having written that, both agreement and magnitude in recent Zacks Rank earnings estimates turned POSITIVE for Iron Ore stocks. There are recently upgraded Zacks #2 Rank Iron Ore stocks to tell you about.
However, the rest of the mining sector, taken in total, is not looking so hot. The idea early investors have (those that are bullish) is that once oil prices turn around, and China turns around -- you get in on this beaten down sector.
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Vale Inco is a nickel and copper producing company based in Brazil.
Vale Inco produces nickel, copper, gold, palladium and platinum in Canada, and holds various exploration projects in Australia, in Brazil, in Canada, in Indonesia, in New Caledonia, in Peru and in Turkey.
Its main assets in production are MCCREEDY WEST MINE and VICTORIA - INCO in Canada and its main exploration properties are EAGLE CREEK, MEL PROJECT, B20, SHEBANDOWAN - BAND-ORE and GARSON MINE in Canada and GOONGARRIE SOUTH - GOONGARRIE, HIGHWAY - GOONGARRIE, SCOTIA - GOONGARRIE, BIG FOUR HERON - GOONGARRIE, GOONGARRIE HILL - GOONGARRIE, TOBY PROPERTY and BORDER DOWNS in Australia.