Citigroup upgraded Vale S.A. from Neutral to Buy and set a new price target of $16.00 from $14.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $14.00 → $11.50 | Buy → Neutral | UBS |
| 10/9/2024 | Peer Perform → Underperform | Wolfe Research | |
| 7/17/2024 | Outperform → Peer Perform | Wolfe Research | |
| 6/21/2024 | Underperform → Neutral | Exane BNP Paribas | |
| 5/7/2024 | $13.00 → $15.00 | Neutral → Buy | UBS |
| 4/9/2024 | Buy → Neutral | BofA Securities | |
| 11/21/2023 | Neutral → Buy | Goldman | |
| 11/20/2023 | Neutral → Buy | BofA Securities |
Vale (NYSE:VALE) is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The original underground mine operated from 1914 to 2017, producing over 375 million tons of nickel and copper ore. Vale's Toronto-based base metal arm expects that the open pit project will cost $149 million over the next four years. The initial production target is 300,000 tons of nickel and copper this year, ramping up to 1.5 million tons by 2025. Additionally, the mine will yield valuable byproducts, including cobalt and precious metals. Now read: Liberty Gold CEO Remains Bullish, But ‘Political Developments Will Influence Market’s Direction’ “This is a $149 million project
Wolfe Research analyst Timna Tanners downgrades Vale (NYSE:VALE) from Outperform to Peer Perform.
- Reuters
SC 13G/A - Vale S.A. (0000917851) (Subject)
SC 13G/A - Vale S.A. (0000917851) (Subject)
SC 13G/A - Vale S.A. (0000917851) (Subject)
TORONTO, Feb. 26, 2024 /CNW/ - Vale Base Metals ("VBM") informs that Vale Canada Limited ("VCL") signed a Definitive Agreement ("Agreement") with PT Mineral Industri Indonesia ("MIND ID") and Sumitomo Metal Mining Co., Ltd. ("SMM") regarding the divestment obligation of PT Vale Indonesia Tbk ("PT Vale"). Under the Agreement, VCL and SMM will divest approximately 14 per cent pro-rata combined equity interest in PT Vale to MIND ID. Upon completion of the transaction, MIND ID will hold approximately 34 per cent of PT Vale's issued shares, making it the largest shareholder in the company. VCL and SMM will hold 33.9 per cent and 11.5 per cent, respectively. Approximately 20.6 per cent will cont
VANCOUVER, BC and TORONTO, Nov. 21, 2023 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") (TSX | NYSE | LSE: WPM), Wheaton Precious Metals International Ltd. ("Wheaton International") and Vale Base Metals Limited ("VBM") (NYSE:VALE) are pleased to announce the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's flagship copper project in Brazil. The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum ("Mtpa") for a period of 90 days. VBM confirmed completio
TORONTO, Feb. 21, 2023 /PRNewswire/ - The supply of Class I nickel, essential for electric vehicle batteries, is expected to face a shortage for the next three to five years, according to a new report. The Oregon Group predicts a continued crunch in the nickel market despite increased production by Chinese nickel giant, Tsingshan. Supply of Class I nickel, essential for electric vehicle batteries, expected to face shortage for the next 3-5 years.The report examines key trends affecting the growth of Class I nickel supply and demand. These include geopolitical tensions, and the coming clash between the pressure to decarbonize supply chains and the high emissions of new and near-term nickel pr
VANCOUVER, BC and TORONTO, Nov. 21, 2023 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") (TSX | NYSE | LSE: WPM), Wheaton Precious Metals International Ltd. ("Wheaton International") and Vale Base Metals Limited ("VBM") (NYSE:VALE) are pleased to announce the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's flagship copper project in Brazil. The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum ("Mtpa") for a period of 90 days. VBM confirmed completio
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
UBS downgraded Vale S.A. from Buy to Neutral and set a new price target of $11.50 from $14.00 previously
Wolfe Research downgraded Vale S.A. from Peer Perform to Underperform
Wolfe Research downgraded Vale S.A. from Outperform to Peer Perform