10. Vale ( VALE) is a metals and mining giant producing iron ore and iron ore pellets. During February 2011, Vale announced commissioning its first pelletizing plant in its industrial complex in Oman, which also includes a deep-water bulk jetty. Bulk materials comprising iron ore, pellets, manganese ore and ferro-alloy contributed 77.7% to third-quarter operating revenue, while sales to Asia contributed 56.4% toward total revenue. In recent quarters, bulk material sales and sales to Asia trended higher. Operating revenue jumped 110% year-over-year to $14.5 billion. Operating income and net income rose by a staggering 200% each on robust revenue. Margins were impressive, with operating margin climbing 56%, up 8% from the second quarter. The stock gained 23% during the last one year and is trading at 11.1 times its estimated 2011 earnings.
In trading on Friday, shares of MAG Silver Corp crossed below their 200 day moving average of $7.97, changing hands as low as $7.74 per share. MAG Silver Corp shares are currently trading off about 3% on the day.