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 do Rio is a copper producing company based in .
Vale do Rio produces copper, aluminum, bauxite, iron, manganese, nickel and silica in Brazil, develops coal and copper in Australia and in Brazil, and holds various exploration projects in Brazil and in Peru.
Its main assets in production are ALUNORTE, URUCUM MINE, MILTONIA 3, MORRO DA MINA, TAQUARI - VASSOURAS, SOSSEGO MINE, CAPAO XAVIER, CARAJAS, ANDRADE, SAMARCO, CONCEIÇÃO, MINAS DO MIEO, AGUA LIMPIA / CURURU, GONGO SOCO, BRUCUTU, BAU, FABRICA NOVA, FAZENDAO, TIMBOPEDA, CORREGO DO FEIJAO, SEGREDO/JOAO PEREIRA, PICO/SAPECADO/GALINHEIRO, VARGEM GRANDE COMPLEX TAMANDUA, CAPITAO DO MATO, ABOBORAS, PARAOPEBA COMPLEX JANGADA, SERRA NORTE - N4W, SERRA NORTE - N4E, SERRA NORTE - N5-W, SERRA NORTE - N5E, SERRA NORTE - N5E-N, SERRA NORTE - N5S, SERRA LESTE, MILTONIA 5 and MRN (BAUXITE MINING) in Brazil, its main assets in development are BELVEDERE in Australia and SALOBO PROJECT in Brazil and its main exploration properties are SALOBO, MAR AZUL MINE, ONÇA PUMA, PROJECT 118 and VERMELHO in Brazil and CORDILLERA DE LAS MINAS in Peru.