This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

7 Mining Stocks to Watch

Stocks in this article: IVN AEM NEM BHP CDE VALE HBM

2. Vale (VALE) is a Brazilian diversified metals and mining company with a product portfolio that includes nickel, iron ore and iron ore pellets, manganese ore, ferroalloys, aluminum, fertilizers, copper and coal, among others. It has mineral exploration in 24 countries. In addition to being the largest logistics operator in Brazil, Vale generates and supplies electric energy to the steel sector.

For the second quarter of 2011, the company reported iron ore production of 80.3 metric tons production -- the best performance ever. Moreover, for the first half of 2011, production stood at 146.5 metric tons, almost 47% of the targeted output for 2011. Copper production for the first half increased to 133,000 metric tons compared to 74,000 metric tons in the year-ago period. During the quarter, gold and silver production was up 1,145.3% and 49.8%, respectively.

Second quarter 2011 net earnings increased 74.1% to $6.45 billion, or $1.22 per share, as compared to the same quarter last year. Operating revenue for the quarter increased 13.3% to $15.3 billion, the highest quarterly result in its history. In mid-August, the company paid an additional dividend to its shareholders totaling to $3 billion equivalent, or approximately 58 cents per share. Cash and cash equivalents at the end of the quarter stood at $13.2 billion, vs. $6.2 billion in the year-ago quarter.

Recently, it was known that Petroleo Brasileiro (Petrobras) (PBR), Brazil's state-controlled oil giant, and Vale are in talks for a potential operation involving the miner's nitrogenous assets. As per the deal, Petrobras may obtain the nitrogenous assets in Parana state from Vale's fertilizer arm Vale Fertilizantes, in exchange for a potassium mine to which Vale is seeking rights.

Of the 23 analysts covering the stock, 87% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 41.6% to $39.67 over the next 12 months.

7 of 8

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs