| Vale Beats Q2 Earnings, Lags Revenues; Outlook Positive - Analyst Blog | |
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Balance Sheet/Cash Flow Exiting the second quarter of 2015, Vale had cash and cash equivalents of $3.2 billion versus $7.1 billion recorded in the year-ago quarter. Non-current liabilities came in at $47.1 billion, down from $50.9 billion in the year-ago comparable period. Net cash generated from operating activities totaled $995 million compared with $4,595 million in the year-ago quarter. Capital spending was $2.1 billion versus $2.7 billion in the second quarter of 2014. Outlook Vale expects to improve its business with the help of specialized cost-saving plans, productivity enhancement schemes, growth projects and superior operations in the N4WS mine, going forward. Moreover, supported by efficient disinvestment programs and appropriate capital deployment strategies, the company aims to stabilize its absolute debt level in the upcoming quarters.
Stocks to Consider
Vale currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Akzo Nobel N.V. AKZOY, Avino Silver & Gold Mines Ltd. ASM and Avalon Rare Metals Inc. AVL. All three stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days Click to get this free report >>. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VALE SA (VALE): Free Stock Analysis Report AVALON RARE MTL (AVL): Free Stock Analysis Report AKZO NOBEL NV (AKZOY): Free Stock Analysis Report AVINO SILVER&GD (ASM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 329.7 billions as of today (US$ 150.8 billions, € 140.9 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. |