This Day On The Street
Continue to site
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

7 Mining Stocks to Watch

2. Vale (VALE - Get Report) 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AEM $33.30 0.57%
BHP $21.65 -0.64%
CDE $2.50 1.21%
HBM $1.79 0.56%
NEM $24.31 0.04%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs