| Vale Posts Wider-than-Expected Loss in Q3, Lags Revenues | |
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Balance Sheet/Cash Flow Exiting third-quarter 2015, Vale had cash and cash equivalents of $4.4 billion compared with $7.9 billion recorded in the year-ago period. Non-current liabilities came in at $44.3 billion, down from $49.1 billion recorded a year ago. Net cash generated from operating activities totaled $1.6 billion compared with $2.9 billion in the year-ago quarter. Capital spending totaled $1.9 billion versus $3.3 billion in third-quarter 2014. Outlook Vale expects to improve its business with the help of specialized cost-saving plans, productivity enhancement schemes, growth projects and superior yield in the N4WS mine, going forward. Moreover, supported by efficient disinvestment programs and appropriate capital-deployment strategies, the company aims to stabilize its absolute debt level in the upcoming quarters.
Other Stocks to Consider
Vale currently carries a Zacks Rank #2 (Buy). Other well-ranked stocks in the industry include Atlas Iron Limited AGODY, Fortescue Metals Group Limited FSUGY and AK Steel Holding Corporation AKS. All three stocks hold the same Zacks Rank as Vale.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VALE SA (VALE): Free Stock Analysis Report AK STEEL HLDG (AKS): Free Stock Analysis Report FORTESCUE METAL (FSUGY): Free Stock Analysis Report ATLAS IRON LTD (AGODY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 297.2 billions as of today (US$ 150.8 billions, € 136.0 billions). Its stock quote reached its lowest recent point on February 19, 2016 at BRL 10.51, and its highest recent level on August 27, 2021 at BRL 99.80. Vale has 5 244 319 744 shares outstanding. |