Vale SA ADR
VALE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| dX | LOCK|%q& | LOCK|H% |
Vale Earnings: Strong Iron Ore, Base Metals Prices and Volumes Outweigh Iron Ore Unit Cost Headwinds
Vale's second quarter adjusted EBITDA of USD 4.1 billion increased 19% from a year ago and 4% from the prior quarter. Higher iron ore, copper, and nickel prices and volumes more than offset increased unit costs in the key iron ore business. It declared a BRL 2.03 (about USD 0.41) per share dividend.
